A Leading Index for the Indian Economy
Published By: CDE on eSS | Published Date: March, 01 , 2001Over the last few decades, the Indian economy has experienced both classical business
cycles and the cyclical fluctuations in its growth rate known as growth rate cycles. In the
years since the liberalization of the economy began, these cycles have been driven more by
endogenous factors than by exogenous shocks. From the point of view of both policy-makers
and businesses, therefore, it is important to find a way to predict Indian recessions and
recoveries, along with slowdowns and speedups in growth. This paper adopts a classical
leading indicator approach to the problem. [Working Paper No. 90]
Author(s): Pami Dua, Anirvan Banerji | Posted on: Oct 01, 2010 | Views(1244) | Download (788)