Business Cycle Measurement in India

Radhika Pandey, Ila Patnaik and Ajay Shah

A chapter in Business Cycles in BRICS, 2019, pp 121-152 from Springer

Abstract: Abstract This chapter presents the business cycle chronology for the Indian economy. Two distinct phases are analysed: the pre-1991 period when the cycles were mainly driven by monsoon shocks and the post-1991 phase where we see the emergence of conventional business cycles driven by investment-inventory fluctuations. The chapter sheds light on the economic conditions that shaped the nature of cycles in the two phases. The concluding section of the chapter presents an overview of the economic conditions post-2012.

Keywords: Measuring Business Cycles; Cycle Chronology; Securities And Exchange Board Of India (SEBI); Gross Fixed Capital Formation (GFCF); Growth Rate Cycle (search for similar items in EconPapers)
Date: 2019
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Related works:
Working Paper: Business Cycle Measurement in India (2018)
Working Paper: Business Cycle Measurement in India (2018)
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DOI: 10.1007/978-3-319-90017-9_7

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