Useful Websites for Entrepreneurs
While preparing for startup business in any particular field, Entrepreneur needs to study thoroughly about the material prices and Labour rates in the region. He needs to study price variation in a year. Previous data can be studied for future planning for project. Trend of previous price variation may be useful. I hereby giving website addresses those are very useful to know the Year wise /month wise /week wise Price variation Indices for materials and Labour . These are the indices and not exactly prices or rates. Exact Price Variation can be calculated by applying these indices to formulas.
1) Website run by Office of the Economic Advisor (Govt. of India, Ministry of Commerce & Industry
Department of Industrial Policy & Promotion (DIPP)
Web address - http://www.eaindustry.nic.in
Search -Wholesale price index
2) Search “Labour Indices” on Google search
Web address -- http://labourbureau.nic.in/indexes.htm
One can get the City wise indices of labour on these websites.
These websites are useful to know the yearly variation in material prices & labour rates more