Opinion | It’s time for India to devise a truly ‘leading’ lead indicator4 min read 16 Jul 2019, 12:31 AM IST
Since financial cycles and term spreads can’t reliably presage business cycle downturns in India, we need an alternative
Much ink has been spilt over Indian data on gross domestic product (GDP) growth in the last few years. Such data, however, has to be seen in the light of its ability to help policymakers assess business cycles and provide them signals to carry out contra-cyclical course corrections that could stabilize output fluctuations.
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