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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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