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Showing posts with the label K-shaped recovery
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Those at bottom, dipped, Those on top, grew: The Story of India's "K" shaped economic recovery. ~Preet Since the dawn of COVID-19 in India, and the restrictions put in place to tame the surge and set this country free of this disease, i.e. from the February of 2020, the country's economy has been hit hard. India saw a financial downtrend like never before. The government kept on extending the restriction, and Indians saw the longest lockdown in a row, and there were constant concerns and protests about the loss of livelihoods and crumbling economy of the nation. These concerns were tried to be extinguished by the claims of a 'K' shaped recovery. The recovery did happen, the economy did boom again and is growing rapidly, but ultimately a price was paid by the poorest of the Indians, as they stand at the negative half of the 'K' shaped recovery. Since 1995, India has seen a constant rise in the annual income of the poorest 20% of households, but this pos