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Service sector may be included in the Wholesale Price Index soon: Report

A government panel headed by Niti Aayog's Ramesh Chand is finalising the changes in the WPI to include 60 per cent of the economy for the first time

Department of Commerce to overhaul export scheme for services sector
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BS Web Team New Delhi

Apart from changing the base year from 2011-12 to 2017-18, the central government may include the service sector in the Wholesale Price Index (WPI). A government panel headed by Ramesh Chand is finalising the changes in the WPI to include 60 per cent of the economy for the first time, a report by the Times of India (TOI) said.