Macro/Finance Group, NIPFP

Dating business cycles in India

Dating business cycles in India, Radhika Pandey, Ila Patnaik and Ajay Shah. Indian Growth and Development Review, Volume 10, Issue 1, 2017.

Dates of business cycle turning points are a critical input for academic and policy work in macroeconomics. In this paper, we use contemporary techniques to date the Indian business cycle in the post reform period. An array of robustness checks are employed, using diverse methods. We uncover three recessions in this period. This work helps lay the foundations for downstream macroeconomic research in academics and government.