News: According to Economists, Indian economy is heading for a K-shaped recovery.
Facts:
- K-shaped Recovery: It occurs when an economy recovers unevenly and there’s a separate trajectory for two segments of the society.
- Examples:
- Industries like technology, retail, and software services have recovered while the travel, entertainment, hospitality, and food services industries have continued to decline.
- India’s stock market is healthy while millions have lost their jobs and private consumption has collapsed.
