Stock Advisory in Indore, Smartphones, laptops enter new IIP, chocolates, guitars included in WPI

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New-age items such as smartphones, laptops, and tablets are likely to enter into the new series of the Index of Industrial Production (IIP) to be launched on Friday. Similarly, chocolates, noodles, harmonium, guitars, cricket bats and balls may be included in the new Wholesale Price Index (WPI).

Both the indices will have a new base year of 2011-12 against the current 2004-05 to bring them at par with other macroeconomic data such as gross domestic product and the consumer price index.

Also, games and toys may be made a separate category in WPI, under which items such as dolls, cycle, carom board, playing cards, among others may come, an official said.

Besides football, which was already part of the current series, other sporting items such as tennis and badminton racquets will be added to the sports category list, he said.