An autonomous research institute under the Ministry of Finance


Measuring business cycle conditions in India

Publication date

May, 2019


NIPFP Working Paper No. 269


Radhika 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.

  • Download
  • blog comments powered by Disqus