Development · 17 Aug 2026
2 publishers have reported this development. Each act of reporting is below, cited.
The finance ministry has asked ministries and departments to adopt the Producer Price Index (PPI) instead of the Wholesale Price Index (WPI) for price escalation clauses in future government contracts once PPI becomes available.
The Indian finance ministry has nudged all ministries and departments to move to Producer Price Index (PPI) from Wholesale Price Index (WPI) for rate escalation and adjustment clauses in future government procurement contracts.
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