Cyclicality in Industrial Growth in lndia: An Exploratory Analysis
A review of the literature on industrial growth in India, bows that barring a few studies [e.g.,Raj (1976,1984), Shetty (1978)], Industrial growth has been interpreted by merely fitting statistical models like exponential function, dummy variable regression, kinked exponential function and quadratic function to the observed time series data without any exploratory analysis. [Working Paper No. 249]
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