This paper presents a comprehensive set of stylised facts for business cycles in India from 1950-2010. We show that … persistence however, India looks more similar to advanced economies, and less like other emerging market economies. We argue that …". -- Emerging Market Business Cycle Models ; Structural Change ; India's Economic Reforms ; Good Luck Hypothesis …

India. In addition to the changing employment and output shares of these two sectors, the capital output ratio in … agriculture in India has fallen, while it has risen in manufacturing. To match these observations we construct a two sector OLG …