What is a K-shaped economic recovery and what are its implications?

GS Paper 3: Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.   K-shaped economic recovery Context: The prospects of a K-shaped recovery from COVID are increasing both in India and across the world.   What is a K-shaped recovery? A K-shaped recovery happens when different sections of an …

Shapes of economic recovery

Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Shapes of economic recovery What to study? For Prelims: Shapes of economic recovery and features. For Mains: India’s scenario and what should be the ideal recovery path? Context: Most economists are unanimous that in the current financial year, India’s …