Understanding Sector Rotation and Business Cycles

A practical, India-specific guide to the business cycle and the sector rotation it drives. Built for experienced retail investors, mutual fund investors, and salaried professionals who already understand sectors and basic macro, and now want to judge where the Indian economy sits in its cycle, which sectors tend to lead and lag in each phase, and whether the textbook rotation model actually holds on NSE. Covers leading indicators like PMI, GST collections, credit growth, and auto sales, the RBI rate cycle, Nifty sectoral index performance across real Indian cycles from 2003 to today, relative strength analysis, and how to implement tactical sector tilts through index funds, ETFs, and business cycle funds without wrecking returns through overtrading and tax drag.