Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight

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.