The current base year for calculating the Wholesale Price Index (WPI) in India is ___.
- 2011-12
- TRIMs (or Trade-Related Investment Measures)
- open market borrowings (or debt / bonds)
- Current
Answer: 2011-12
The Office of the Economic Adviser (OEA) compiles the WPI, which tracks price changes in the wholesale market for a basket of 697 items. The base year was updated from 2004-05 to 2011-12 to align it with the base year of the Consumer Price Index (CPI) and GDP series.