It's not 'K': CEA Nageswaran says urban recovery faster than rural

Data for the third quarter of FY23 may be revised upwards: Nageswaran

Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said describing India’s recovery as ‘K-shaped’ was wrong as both rural and urban economies were recovering, albeit at different paces.

Speaking to reporters at the Finance Ministry, Nageswaran said the gross domestic product (GDP) growth print for the recent October-December quarter (Q3FY23) will likely be revised upwards.

“The notion of using the letter ‘K’ to denote urban and rural is somewhat wrong because it is almost as if one is growing and one is contracting. I would say one segment’s slope is more positive, and the other one slope is less