Posted: October 9th, 2011 | Author: SD | Filed under: India, Personal | Comments Off
I had to prepare an assignment on how inflation is measured in India. So, I did some basic study online and thought about sharing the details.
In India, inflation is calculated based on the Wholesale Price Index (WPI). WPI measures changes in price of a representative basket of wholesale goods. The purpose of WPI is to monitor price movements that reflect supply and demand in industry, manufacturing and construction. This helps in analysing macroeconomic and micro-economic conditions.
India is one of the few countries that are using WPI to calculate inflation. Most of the developed countries use CPI or Consumer Price Index. There is a on-going debate on whether India should move from WPI to CPI-IW to calculate inflation.
The WPI data is published every week with a two week lag. As per widely discussed news reports, our inflation rate for Aug, 11 stands at 9.78%. So, how is this calculated.
Basically, by 9.78%, we mean the annual rate of year-on-year inflation rate based on WPI. Inflation rates are regularly updated at http://statisticsofindia.com/tatasoi/.
The WPI data is available at http://eaindustry.nic.in/.
So, the formula for calculation of the inflation from WPI is (WPI, Aug 2011 – WPI Aug, 2010) * WPI Aug, 2010 *100%
(154.9-141.1)*141.1*100 gives us 9.78%.
While drafting this post, I was looking at how to add mathematical equations in WordPress posts. However, it will some time to understand.
Posted: August 2nd, 2009 | Author: SD | Filed under: India | Comments Off
Its a common sight in most cities in India to find people peeing in almost every street side corner. Public awareness campaigns carried out by newspapers have managed to inject some amount of shame into the civic(!) creatures and made them hold themselves till they reach one of the public toilets or the Sulabh Souchalayas. However, the problem is far from solved and street corners and public walls still stink.
Now, here is a solution to a problem plaguing most municipalities in India for so long that they have given up worrying about it. Read the rest of this entry »
Posted: July 19th, 2009 | Author: SD | Filed under: India | Tags: India, isro | Comments Off
July 22, 2009 is going to be one special day in our lives being the day of the longest total solar eclipse of our lifetime. The eclipse will commence soon after sunrise starting in the Gulf of Cambay at Surat, Gujarat and then pan across India. The shadow of the moon will be so large during this eclipse that even at sunrise the duration of totality will be over three minutes. The shadow very quickly moves across the breadth of India towards Arunachal Pradesh. It spans a third of the entire path in India, 900 km out of 2,500 km. Read the rest of this entry »
Posted: June 7th, 2009 | Author: SD | Filed under: India | Tags: India, mumbai, technology, travel | Comments Off
UPDATE: The bridge is to be opened by Congress President Sonia Gandhi on June 30,2009.
Finally, the much hyped infrastructure masterpiece Bandra Worli Sea Link is to opened in the middle of this month after a five year delay. Started in 2001, the construction of the 5.6 km sea link was embroiled in numerous issues like logistical, environmental clearance and public interest litigation, leading to its delay and cost escalation.
And tourist operators are busy trying to get permission to get permission to halt their tourist buses on the bridge! Read the rest of this entry »
