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Despite the booming stock market and the increasingly wealthy world of unicorns, the downside of the K-shaped recovery is manifesting itself in the growing struggles of “midde India” -- small businesses and people without formal sector jobs – which has been experiencing a series of shocks since demonetisation in 2016. Pointing out that their travails are interconnected with the broader macro-economy, Ajay Shah assesses the two dimensions of concerns policy-makers need to think about for 2022. Read it here
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The top edit explains why the Budget must focus on recovering ground lost since 2020.
