#IndianEconomy: ‘V’ shaped recovery not possible, let’s hope for ‘U’ or ‘W’.
Beginning of the recovery will show a spike initially, and then going forward, I think we could end up with something much more flat,”
Economy: ‘V’ shaped recovery not possible, let’s hope for ‘U’ or ‘W’
Many economists in India are not as optimistic as govt is for a V-shaped recovery. Private Final Consumption Expenditure is prime driver of Indian economy with about 60 % share in GDP. Without a demand stimulus, a V-shaped recovery is not plausible.