Figure 2
The horizontal axis is labeled “Year” and ranges from 2002 month 1 through 2022 month 1 in increments of 5 units with each year representing only month 1. The vertical axis labeled “G P R India” ranges from 0 to 1 in increments of 0.2 units. The graph consists of a line that shows three distinct peaks and heavy fluctuations throughout its course. It starts at (2002 month 1, 0.8), shows distinct peaks at (2003 month 1, 0.9), and (2009 month 1, 0.9), and ends at (2024 month 1, 0.5). The fluctuations range between the G P R value of 0.125 and 0.5. Note: All numerical data values are approximated.Indian geopolitical risk index. This figure depicts the monthly Indian GPR index (Caldara and Iacoviello, 2022) from 2002 to 2022. Source: Authors own work