Different Aspects of Changes in Wholesale Price Index (WPI) and Consumer Price Index (CPI) and Indian Economy

Different pattern of trend in WPI and CPI numbers over years is found to be depicted periodically for Indian economy.This has implication for casting impact on supply price determination while purchasing power of consumers can be chalked about from trend in their per capita income which also demonstrates variation over years.Movement of these indices may focus on ongoing changes taking place in exchange activities as well as may point towards price determination mechanism operating in economic system.An effort has been made in preparing framework of this paper to analyse and explore various contemporary socio-economic changes ushered in by movement of WPI and CPI indices over years and its impact fell on nature of transaction, places of transaction and network of transaction.