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

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