Which index is used to calculate inflation in India?
A. Wholesale Price Index
B. GDP deflator
C. Productive Price Index
D. Commodity Price Index
Answer:A
Which index is used to calculate inflation in India?
A. Wholesale Price Index B. GDP deflator C. Productive Price Index D. Commodity Price Index
Explanation: In India inflation is calculated by using Wholesale Price Index. WPI calculates the price paid by the manufacturers and wholesalers in the market.