Economy

For decades, if you wanted to know how prices were moving at the wholesale level in India, you turned to the WPI — the Wholesale Price Index. It’s been the standard tool for tracking producer-level inflation since forever, or at least it feels that way. But that era is now ending. The government has decided […]

For decades, India has relied on the Index of Industrial Production (IIP) to track its industrial health. But here’s the catch: services now make up more than half of India’s economy, and yet no monthly indicator has ever tracked this huge sector the way IIP tracks industry. So, a real gap has existed for years.

This article explores the Sacrifice Ratio, a key concept in economics that measures the “pain” or cost of reducing inflation. It specifically quantifies how much economic growth (GDP) a country must surrender to lower its inflation rate by 1%. 1. The Core Concept: No Free Lunch In economics, most things come with a trade-off. When