India’s economic recovery does not seem to have taken some passengers aboard

The Indian middle class often faces brunt from above and below. The travails of the middle class do not concern the wealthy, the upper class, while most hardships of the lower class are taken up by privileges funded by taxpayer money.

Published on:

10 Mar 2021, 10:27 am

The pandemic COVID 19 has immortalised itself in the heartsof every small business owner, salaried class, and middle-class families.

India’s economic recovery, if it has be broad-based i.e.includes everyone, will have to include the above mentioned sections of thesociety.

Because of the pandemic, the lifestyle of millions ofIndians has been changed. These people are no longer able or willing to spendmoney on discretionary expenses. Thus, the reduced flow of capital in theIndian economy makes the recovery process for all even more difficult.

Though, on paper, the reports of the last two consecutivequarters has been uplifting with the expansion being 0.4%, however, expertsopine that the analysis may be more mathematical than actual.

Also read: Investors cheer as Nifty breaches and holds above 15,000

V-shape recovery is one in which once a low has been hit,the recovery is just as sharp as the decline was.

This V-shape recovery, which had been predicted by highofficias of the government, while the pandemic was in full swing is missing themiddle class.

Economic experts have inferred that the growth of India hasskipped small low-end manufacturing firms.

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