India Revises Base Year of Wholesale Price Index to 2022-23

The Ministry of Commerce and Industry in India has approved the revision of the base year for the Wholesale Price Index (WPI) from 2011-12 to 2022-23. The new series, which will include expanded coverage and renewable energy, is set for release on June 15. It will provide improved methodologies and broader price tracking capabilities. The change aligns with global best practices and will eventually phase out the WPI in favor of more comprehensive Producer Price Indices (PPIs).

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link