<h1>India Forms Working Group to Revise Wholesale Price Index; Considers Transition to Producer Price Index.</h1> The Government of India has formed a Working Group to revise the Wholesale Price Index (WPI) with the base year 2011-12. This group, chaired by a member of Niti Aayog, includes representatives from various government departments, the Reserve Bank of India, and non-official economists. The group's tasks include selecting a new base year, reviewing the commodity basket, improving price collection methods, and possibly transitioning from WPI to Producer Price Index (PPI). The Office of Economic Adviser will oversee the group's activities. The revision aims to address significant economic changes since 2011-12 to enhance the reliability of the WPI/PPI.