Prior to this, the WPI series had a base year of 1993-94. The introduction of a new series with a more recent base year (2004-05) involved updating the basket of commodities, weighting structure, and the number of quotations to reflect changes in the economy.
The new W.P.I, series was introduced on
Asked in UPPSC Upper Mains 2009 · Topic: Nature of Indian Economy (Sectoral Composition and Structural Transformation)
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