India rebases Wholesale Price Index to 2022-23, retiring 2011-12 series
DPIIT and the Office of the Economic Adviser have rolled out a revised WPI series with 2022-23 as the new base year, aligning India's price statistics with global standards and sharpening visibility into industrial and input-cost trends relevant to apparel and retail sourcing.
What happened
India's DPIIT has introduced a revised Wholesale Price Index with 2022-23 as the new base year, replacing the 2011-12 series, aiming to align statistical
Key facts
- 2022-23
- 2011-12
Why this matters
A modernized WPI improves diligence visibility into target-company input cost exposures and historical margin drivers, making sourcing-heavy retail and apparel deal models more defensible under current price benchmarks.