Impact of Economic Policy Uncertainity on Key Economic Indicators of India

Purpose: With the help of newly developed Economic Policy Uncertainty (EPU) index, this paper attempts to find influence if any, EPU on stock markets and certain key economic indicators in India. Methodology /Approach: The focus is markets, industrial production, new capital issues, exports bank credit commercial sector. Monthly data collected for 66 months from January 2014 tested with OLS Quantile regression. Findings: It observed that market, Industrial Production, issues are negatively related EPU. Also, impact more higher quantiles. Limitations / Implications: study examines proves overall selected at different quartiles. This opens up vistas further exploration findings prove disprove same other against specific events spur index. Practical has strong theoretical foundations. methodology adopted been research tested. There a need look index closely frequently feel pulse how it affects economy. Originality Value: one evaluate behavior its implication indicators. As developed, adds existing literature, especially Indian context.