Business Standard

Recovery deep dive: Top 5 states bag lion's share in formal jobs post Covid

India's post-pandemic recovery appears to be shaping up like the letter K. In a three-part series, Business Standard illustrates how the K-shaped recovery is widening the inequality among states

indian economy

The rich states have always had a larger share of formal employment, but their lead over the poorest has widened after the pandemic.

Ishaan Gera New Delhi
In December 2020, as economists debated the shape the global economic recovery might take — Z, V, U, W or L — JP Morgan came up with the concept of the K-shaped curve. The investment bank used the shape of the letter K to illustrate the growing difference between large and small businesses in the United States.

Since then, as the Covid-19 pandemic exacerbated the gap between the rich and poor, the term has gained a larger connotation to embody the characteristics of development across economies. And now it is the shape India’s economic recovery, which is undoubtedly underway, is seen

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First Published: Sep 26 2022 | 11:09 PM IST

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