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Despite signs of recovery from the global financial crisis, the GDP growth rate for the Indian economy is likely to be between 5.8 to 6.1 per cent in 2009-10, below the 6.7 per cent recorded in fiscal 2008-09. While there has been an improvement in Indian industry, particularly the manufacturing...
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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 …
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This paper provides an outlook for the Indian economy in the light of the extraordinary global financial crisis, that started in the US, but which has now transformed into the worst economic downturn since the Great Depression. The Indian economy was slowing down even before the onset of global...
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