In how many groups, different commodities have been divided while… - Vidyadip

Question

In how many groups, different commodities have been divided while constructing the Wholesale Price Index in India?

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Answer

To measure WPI, commodities are classified into the following categories:
1) Primary goods: It covers both food and nonfood items. These goods are directly obtained from natural resources.
2) Fuels: it includes fuel and related products like coal, petroleum, electricity.
3) Manufactured or Industrial good: it includes machinery, equipment, chemicals, fertilizers, etc.

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