Archive · 3 Sep 2025
MoSPI Secretary Discusses Economic Indicators and Price Indices
The Ministry of Statistics is working on a new price index called PPI to measure prices.
The WPI has already been updated and the new one will include export product prices.
CPI includes services and is undergoing revision.
GDP calculations use various methods, with a portion based on volume indicators.
The government's actions and high-frequency indicators show economic growth.
Double deflation or volume extrapolation will also be used by the ministry where possible.
MoSPI is developing a Producer Price Index (PPI).
The existing Wholesale Price Index (WPI) has been updated.
CPI includes a significant portion of services and is being revised.
GDP estimates rely on volume indicators for a portion of calculation.
High-frequency indicators show growth.
- Who
- Saurabh Garg, Secretary at the Ministry of Statistics and Programme Implementation (MoSPI).
- What
- Discussed the status of the Producer Price Index (PPI), Consumer Price Index (CPI), GDP estimates, and economic indicators.
- When
- The statements were made in an interview.
- Where
- N/A
- Why
- To provide insights into economic data and methodologies used by MoSPI.
- Headline Figure
- MoSPI Secretary Saurabh Garg spoke on economic indicators.
- Upcoming Index
- Producer Price Index (PPI) is under development.
- CPI Services
- Nearly one-fourth of CPI comprises services, with base revision expected.
- GDP Compilation
- 40% of quarterly GDP is based on volume indicators.
- GST Collection
- GST collections rose 11.8% YoY in April-June 2025 (FY26).