India is Moving Towards Economic Revival (Economy Revival)

Share with Your Friends

India is Moving Towards Economic Revival (Economy Revival)

  • The Indian economy is headed towards a V-shaped recovery in 2021. This has been said by the Indian Chamber of Commerce and Industry (ASSOCHAM).
  • Due to the COVID-19 crisis and insufficient financial catalysts, there is a possibility that the economic revival in India will be shaped by a long U-shape.

What are the shapes of economic revival?

Z-shaped recovery

This is the best scenario in which the economy gets strengthened very fast. Any loss that the economy has incurred (such as purchases in retaliation after lock-down) is immediately compensated in this figure.

V-shaped recovery

In this too, the economy gets back on track and starts on the path of normal growth.

U-shaped recovery

In this, the economy has to struggle and the rate of growth remains low for some time and after that gradually reaches an underwater oral level.

W-shaped recovery

In this, the rate of growth repeatedly falls and increases and finally reaches the normal rate. Thus a chart with the shape of W is formed.

L-shaped recovery

This is the worst scenario in which the economy remains low once it collapses and it takes a lot of time to get back on track.

J-shaped recovery

This recovery is far from reality percent because in it growth is very high and lasts for a long time at high levels.

On what factors the shape of economic revival depends?

The shape of economic revival is determined by the pace and direction of Gross Domestic Product (GDP). Apart from this, there are many other factors, such as fiscal and monetary measures, consumer’s income and sentiment etc.

Source – The Hindu

Download Our App

More Current Affairs

Click to Join Our Current Affairs WhatsApp Group

Join Our Whatsapp Group For Daily, Weekly, Monthly Current Affairs Compilation & Daily Mains Answer Writing Test & Current Affairs MCQ

In Our Current Affairs WhatsApp Group you will get daily Mains Answer Writing Question PDF and Word File, Daily Current Affairs PDF and So Much More in Free So Join Now

Register For Latest Notification

Register Yourself For Latest Current Affairs

December 2022
« Nov    

Mains Answer Writing Practice

Recent Current Affairs (English)

Current Affairs (हिन्दी)

Subscribe Our Youtube Channel

Register now

Get Free Counselling Session with mentor

Download App

Get Youth Pathshala App For Free

Open chat
Youth Destination IAS . PCS
To get access
- NCERT Classes
- Current Affairs Magazine
- IAS Booklet
- Complete syllabus analysis
- Demo classes