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Explained: Expected economic recovery, and factors it will depend on
By October 2020, official data confirmed that the Indian economy has entered a technical recession. But since then, gross domestic product (GDP) has been picking up. Therefore, in early 2021, India’s growth recovery is expected to begin to build momentum. At that time, concerns about Covid-19 also took a back seat. But the second wave of Covid disrupted all calculations.
Nevertheless, by the end of the 2021-22 fiscal year, India’s GDP is expected to return to its pre-Covid levels (see chart below). Given the severity of the second wave of Covid, this is a relief. However, the recovery has changed the shape and structure of the Indian economy. In technical terms, this is because of K-type resuscitation. Simply put, this means that although some sectors/sectors of the economy have achieved a very rapid recovery, many sectors are still struggling.
The entities that perform well are those companies that have entered the formal sector and have sufficient funds to survive repeated lockdowns and interruptions. In fact, during the Covid-19 pandemic, many large companies in the formal economy actually increased their market share at the expense of smaller and weaker companies, which are mainly located in the informal sector .
On the surface, this seems to be a small detail. But as far as India is concerned, this shift has had a huge impact. This is because almost 90% of employment in India takes place in the informal sector. When MSMEs lose out to their counterparts in the formal economy, they will produce the same GDP while reducing employment.
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Bollywood
Fans can relate to Anushka Sharma’s tense expression as she watches Virat Kohli’s RCB vs. RR match.
Anushka Sharma was seen on Wednesday at the Narendra Modi Stadium in Ahmedabad cheering on her husband Virat Kohli’s Indian Premier League team, the Royal Challengers Bengaluru (RCB). In the IPL 2024 Eliminator, Rajasthan Royals (RR) defeated RCB. A video of the actress watching the match with a tense expression on her face is making the rounds on social media.
RCB is being supported by Anushka Sharma.
In response to Anushka’s tension-filled expression, RCB supporters and fans said they could identify with it. A fan of the RCB posted a video of Anushka from the stands on Instagram. The actor wore blue jeans and a striped shirt, and she had a serious expression on her face. She was talking with other RCB fans who appeared to be disappointed in the team’s defeat.
Responses to the video
“Presidential suite, amazing match, and Anushka Sharma right next to us!” the fan captioned the photo. Sad news, but we will always be there for RCB. From the greatest company to the best seats. RCB, onward and upward!”
Anushka’s video has received a lot of response on X and Instagram. The other wrote, “Heartbreak for the couple (Virat and Anushka).” A different individual stated, “Anushka looks upset as Virat Kohli’s RCB gets eliminated from IPL 2024.” “Every RCB fan can relate to Anushka right now,” another person remarked.
Anushka Sharma during a current RCB game
The actor has been a regular at recent RCB games. She gave birth to her second child, a son named Akaay, in February. She became Virat’s cheerleader during RCB’s victory over Delhi Capitals (DC) at the M Chinnaswamy Stadium in Bengaluru.
When DC’s last wicket was taken, Anushka Sharma’s joyous reaction was caught on camera. Anushka Sharma raised her hands in relief as well as leaping from her seat in the stands.
Anushka’s next film appearance will be as cricket player Jhulan Goswami in Chakda Xpress. Prosit Roy is the director of the sports film, which is produced by Karnesh Sharma, Anushka’s brother.
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