- The Wholesale Price Index (WPI) in India is a key inflation indicator. It is calculated based on changes in the average price of a basket of goods at the wholesale level. - The WPI basket is divided into three major groups: Primary Articles, Fuel and Power, and Manufactured Products. - As per the current WPI series with the base year 2011-12, the approximate weights of these groups are: - Primary factured Products: 64.2% - Clearly, Manufactured Products have the highest weight among the three main groups. - "Food item" is not a major group itself but a category that appears within both Primary Articles (e.g., food grains, fruits, vegetables) and Manufactured Products (e.g., processed food products). Therefore, comparing a sub-category like "Food item" directly with main groups is not appropriate based on the standard WPI structure.
Which one among the following items has maximum weight in wholesale price index in India?
Asked in UPSC CAPF 2013 · Topic: Nature of Indian Economy (Sectoral Composition and Structural Transformation)
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