K-Shaped Recovery

  • Recently, the Finance Minister rejected the theory that India's ongoing recovery is 'K-shaped'.
  • A ‘K-shaped’ recovery occurs when, following a recession, different parts of the economy recover at different rates, times, or magnitudes.
  • It leads to changes in the structure of the economy or the broader society as economic outcomes and relations are fundamentally changed before and after the recession.
  • This type of recovery is called K-shaped because the paths of different parts of the economy, when charted together, may diverge, resembling the two arms of the Roman letter "K."
  • The portion of the economy that recovers quickly is ....
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