This paper constructs a composite index of leading indicator (CILI) for the monthly Index of Industrial Production (IIP) of Indian Economy, using large number of important economic indicators exhibiting leading capability to the target series. These indicators are transformed to...

We study how the Indian government bond market functions, how it has changed over time, and what factors help explain some of its features. Looking at the primary market, we describe how underwriting obligations are allocated to primary dealers via auction and identify several significant...