Is India looking at a V or W-shaped economic recovery in FY22?

If one looks at year-on-year growth, the recovery is V-shaped after the first quarter because of 20 per cent economic expansion

The economic situation may have been different 10 years ago but then finance minister Pranab Mukherjee’s remarks at the US-India CEO Forum in June 2010 are worth recalling with reference to the current economic uncertainty.

He had said: “Economists used to tell us last year that the global economy will make a V-shaped recovery ... Recently, with the risk of new crises, experts are saying that it may be a W-shaped recovery. Frankly, I’m beginning to feel that for every (letter) in the English dictionary, there is a theory of economic recovery. What so many competing theories of recovery mean