India CPI New Base Year 2024 Explained | Inflation Measurement UPSC Analysis
Core Issue The measurement framework of inflation in India is also undergoing a process of recalibration where Consumer Price Index (CPI) base year 2012 was changed to 2024 to say the prevailing consumption realities. Constitutional: Welfare targeting and evidence based policymaking. Economic: Measuring inflation, transmission of monetary policy. Social: Cost-of-living perception and official data. International: […]
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