Macro/Finance Group, NIPFP

Measuring business cycle conditions in India

Measuring business cycle conditions in India, Radhika Pandey, Ila Patnaik and Ajay Shah. NIPFP Working Paper No. 269, May 2019.

We develop a measure of business cycle conditions at a quarterly frequency - the coincident indicator - that better utilises the limited data resources available in India. The new indicator has a historical time series from 1999 onwards. The methods used here feature numerous improvements upon previous work in the eld.

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