Measuring business cycle conditions in India
Publication dateMay, 2019
DetailsNIPFP Working Paper No. 269
AuthorsRadhika Pandey, Ila Patnaik and Ajay Shah
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 field.