we hear about Index numbers everyday, are you aware?
Sensex, BSE, NSE, GNP, Inflation, CPI, WPI, IIP all are based on index numbers.
What are index numbers?
In simple words, Index numbers is a simple mathematics that helps when are looking to measure growth or decline - and are not so much interested in actual numbers.
How much did the sensex grow, how much did the economy grow, etc.
watch this quick recap of index numbers by Prof Ved and enjoy
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