These high-frequency indicators suggest that economic growth in the second quarter could see some recovery from the disappointing levels of the first quarter. Yet, that still leaves the question of whether India is in the midst of a broader economic slowdown. The new update released by the Asian Development Bank (ADB) this week offers some clues on the current state of the Indian business cycle. The subsequent upturn in the business cycle has lasted 14 quarters, higher than the average business cycle upturn of 12 quarters but lower than the maximum of 18 quarters. The economic slowdown over the past six quarters as well as structural challenges like the banking crisis need the sort of clear economic thinking that this government has not believed in till now.

Source: Mint September 27, 2017 23:37 UTC