V SHAPED RECOVERY

January 22, 2021
Posted by: OptimizeIAS Team
Category: DPN Topics

V SHAPED RECOVERY

Subject : Economics

Context : The economy is within striking distance of attaining positive growth, officials of the Reserve Bank of India (RBI) wrote, adding that the letter ‘V’ in the V-shaped recovery stood for vaccine.

Concept:

V-shaped recovery: It is a scenario in which the economy quickly recoups lost ground and gets back to the normal growth trend-line.
In this, incomes and jobs are not permanently lost, and the economic growth recovers sharply and returns to the path it was following before the disruption.