India uses 435 commodities in the calculation of the WPI.
these 435 commodities are classified under three categories and each commodity is given individual weightage depending on its importance in the economy.
On a broader level, the 435 commodities are grouped into,
1.Primary Articles
which consists of food grains, fruits and vegetables, milk, eggs, meats and fishes, condiments and spices, fibers, oil seeds and minerals
2. Fuel, Power, Light & Lubricants
which comprises coal and petroleum related products, lubricants, electricity etc.
and
3.Manufactured Products
consists of dairy products, atta, biscuits, edible oils, liquors, cloth, toothpaste, batteries, automobiles etc.
the weightage for each of the category in WPI is as follows
1.Primary Articles- 22.02525%
2. Fuel, Power, Light & Lubricants 14.22624%
3.Manufactured Products 63.74851%
Saturday, June 28, 2008
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