The link between globalization and economic growth is getting complex as the propagators of globalization are opting protectionism. The paper attempts to identify the time-varying dimension of globalization in India from Q2 1996 to Q3 2019. The aim is to capture the portion of growth explained by domestic and foreign factors suggesting the pace of globalization. The factor-induced domestic and foreign loadings are used in Time-Varying Parameter Regression and Time-Varying Parameter Autoregressive approach to indicate the evidence for slowbalization in India. The models combined with stochastic volatility, aid in capturing the structural changes in the economy in a robust manner.

随着全球化的传播者选择贸易保护主义，全球化与经济增长之间的联系变得越来越复杂。本文试图确定从1996年第二季度到2019年第三季度印度全球化的时空维度。其目的是捕获由表明全球化步伐的国内外因素所解释的增长部分。时变参数回归和时变参数自回归方法中使用了由因素引起的国内外载荷，以指示印度进行缓慢平衡的证据。这些模型与随机波动性相结合，有助于以有力的方式捕获经济中的结构性变化。