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Business Cycle Measurement in India

In: Business Cycles in BRICS

Author

Listed:
  • Radhika Pandey

    (National Institute of Public Finance and Policy (NIPFP))

  • Ila Patnaik

    (National Institute of Public Finance and Policy (NIPFP))

  • Ajay Shah

    (National Institute of Public Finance and Policy (NIPFP))

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.

Suggested Citation

  • Radhika Pandey & Ila Patnaik & Ajay Shah, 2019. "Business Cycle Measurement in India," Societies and Political Orders in Transition, in: Sergey Smirnov & Ataman Ozyildirim & Paulo Picchetti (ed.), Business Cycles in BRICS, pages 121-152, Springer.
  • Handle: RePEc:spr:socchp:978-3-319-90017-9_7
    DOI: 10.1007/978-3-319-90017-9_7
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    Cited by:

    1. Ritabrata Bose & Ashima Goyal, 2020. "Disaggregated Indian industrial cycles: A Spectral analysis," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2020-033, Indira Gandhi Institute of Development Research, Mumbai, India.
    2. Sampriti Das & Amiya Sarma, 2021. "Growth Behaviour of India’s Export of Services, 1975–2018," Foreign Trade Review, , vol. 56(3), pages 301-321, August.
    3. Rahul MENON, 2021. "Determinants of inequality in Indian regular wage employment, 1993–2012," International Labour Review, International Labour Organization, vol. 160(3), pages 477-500, September.
    4. Ghei, Dhananjay & Sane, Renuka, 2018. "Estimates of air pollution in Delhi from the burning of firecrackers during the festival of Diwali," Working Papers 18/223, National Institute of Public Finance and Policy.
    5. Pandey, Radhika & Patnaik, Ila & Shah, Ajay, 2019. "Measuring business cycle conditions in India," Working Papers 19/269, National Institute of Public Finance and Policy.

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