Value of capital goods may reduce IIP volatility

WPI not to see impact of GST, in contrast to CPI

Subhayan Chakraborty  |  New Delhi 

There are 189 new items in the revamped Index of Industrial Production (IIP), while indirect taxes have been excluded from the price of items in the new series of the Wholesale Price Index (WPI), to insulate this measure from fiscal policy.   And, while the new method of measuring capital goods in value terms is expected to reduce volatility in the IIP, it is unlikely to do so entirely. Capital goods are now being captured in terms of a ‘work in progress’ calculation, the data being collected in value terms. With many of these having a production process spanning over a ...

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Value of capital goods may reduce IIP volatility

WPI not to see impact of GST, in contrast to CPI

WPI not to see impact of GST, in contrast to CPI There are 189 new items in the revamped Index of Industrial Production (IIP), while indirect taxes have been excluded from the price of items in the new series of the Wholesale Price Index (WPI), to insulate this measure from fiscal policy.   And, while the new method of measuring capital goods in value terms is expected to reduce volatility in the IIP, it is unlikely to do so entirely. Capital goods are now being captured in terms of a ‘work in progress’ calculation, the data being collected in value terms. With many of these having a production process spanning over a ... image
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