India Revamps Inflation Metrics: WPI Base Year Shifted to 2022-23 and Producer Price Indices Introduced
Alongside the updated WPI series, three distinct Producer Price Indices (PPIs)—Output PPI, Input PPI, and Service PPI—are being rolled out to overcome WPI limitations such as the exclusion of services.
During the initial implementation phase, the newly introduced Service PPI will systematically monitor pricing alterations across key service segments including Banking, Insurance, Telecommunications, Railways, and Air Passenger Transport.
Transitioning from WPI to PPI aligns India's macroeconomic metrics with the global standards recommended by the International Monetary Fund (IMF), considering that the service sector represents approximately 55% of India's GDP.
Key Facts / Static GK
The International Monetary Fund (IMF) is headquartered in Washington, D.C., USA, and was established in 1944.
Practice Quiz — 12 June 2026
Q1. Which of the following statements is/are correct regarding the RBI guidelines for a Self-Regulatory Organisation in the Account Aggregator ecosystem (SRO-AA)?\n1. The SRO-AA must be registered as a Section 8 company under the Companies Act, 2013.\n2. It must maintain a minimum net worth of ₹5 crore within one year of recognition.\n3. No single entity or group acting in concert can hold 10% or more of the paid-up share capital.
Q2. The transition from the Wholesale Price Index (WPI) to the Producer Price Index (PPI) is primarily intended to address which major limitation of the traditional WPI framework in India?
Q3. A public sector enterprise in India with an annual CSR expenditure of ₹20 crore decides to invest in Zero Coupon Zero Principal (ZCZP) instruments issued by an eligible NPO listed on the Social Stock Exchange (SSE). Under the updated MCA guidelines, what is the maximum amount this company can allocate for this investment?
Q4. Which country comfortably led the global market in annual solar capacity additions during 2025, according to the International Renewable Energy Agency (IRENA) report?
Q5. The launch of the P2P payment linkage between India and Nepal connects which two platforms to facilitate digital remittances?
Keep Learning with PrepZen
Get daily current affairs, live mock tests, mistake bank, vocab builder & more — all free on your phone.