Does the Committee date recessions for individual countries in the euro area? A BCDC can also maintain an index of coincident, leading and lagging indicators for the Indian economy. Currently, India relies mostly on individual studies for the dating of business cycles. Still, creating a BCDC will go a long way in maintaining transparency, strengthening the information base for the Indian economy and helping gauge better the changing nature of the Indian economy. Similarly, during an expansion, economic activity rises substantially, spreads across the economy, and usually lasts for several years. But the idea of a business cycle dating committee BCDC for India has not received sufficient attention. It examines and compares the behavior of various measures of broad activity:
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