<p>New Delhi: The repeated argument that India witnessed a K-shaped recovery post-pandemic is 'flawed, prejudiced, and ill-concocted', said a research report by SBI on Monday.</p>.<p>According to the report, post-pandemic, households are reconfiguring their savings towards physical assets, including real estate, it said.</p>.<p>"The oft-repeated conundrum debating a K-shaped recovery post-pandemic seems at best flawed, prejudiced, ill-concocted and fanning interests of select quarters to whom India's remarkable ascendance, signalling more the renaissance of the new global south, is quite unpalatable,' the report said.</p>.Action on energy demand can save global economy $2 trillion a year: WEF.<p> K-shaped recovery reflects uneven recovery where certain sectors of the economy thrives while other sectors continue to decline or struggle to recover.</p>.<p> It further said post-pandemic, there has been two-way shift between savings channelised into physical assets from financial assets in consonance with the global trend to take advantage of lower interest rates.</p>.<p> However, it said, recent data shows that there is a shift towards financial assets since 2023 onwards.</p>.<p>"Gini coefficient estimated using ITR data of taxable income of individuals shows that individual income inequality has significantly declined from 0.472 to 0.402 during FY14-FY22," it said.</p>.<p>There is a change in income pattern of MSMEs, too, reflecting the changing contours of industry/services as formalisation drive brings more entities into the net.</p>.<p>Around 19.5 per cent of majorly micro-sized firms have been able to shift their income upwards, to classify them into small, medium and large-sized firms, it said.</p>.<p>Of these, it said, 4.8 per cent firms have transitioned themselves into small firms, around 6.1 per cent firms transitioned into medium-sized firms, and around 9.3 per cent firms are transitioned into large-sized firms.</p>.<p>This clearly indicates MSME units are getting bigger and getting integrated into larger value chains with initiatives like Production Linked Incentive (PLI), it added.</p>
<p>New Delhi: The repeated argument that India witnessed a K-shaped recovery post-pandemic is 'flawed, prejudiced, and ill-concocted', said a research report by SBI on Monday.</p>.<p>According to the report, post-pandemic, households are reconfiguring their savings towards physical assets, including real estate, it said.</p>.<p>"The oft-repeated conundrum debating a K-shaped recovery post-pandemic seems at best flawed, prejudiced, ill-concocted and fanning interests of select quarters to whom India's remarkable ascendance, signalling more the renaissance of the new global south, is quite unpalatable,' the report said.</p>.Action on energy demand can save global economy $2 trillion a year: WEF.<p> K-shaped recovery reflects uneven recovery where certain sectors of the economy thrives while other sectors continue to decline or struggle to recover.</p>.<p> It further said post-pandemic, there has been two-way shift between savings channelised into physical assets from financial assets in consonance with the global trend to take advantage of lower interest rates.</p>.<p> However, it said, recent data shows that there is a shift towards financial assets since 2023 onwards.</p>.<p>"Gini coefficient estimated using ITR data of taxable income of individuals shows that individual income inequality has significantly declined from 0.472 to 0.402 during FY14-FY22," it said.</p>.<p>There is a change in income pattern of MSMEs, too, reflecting the changing contours of industry/services as formalisation drive brings more entities into the net.</p>.<p>Around 19.5 per cent of majorly micro-sized firms have been able to shift their income upwards, to classify them into small, medium and large-sized firms, it said.</p>.<p>Of these, it said, 4.8 per cent firms have transitioned themselves into small firms, around 6.1 per cent firms transitioned into medium-sized firms, and around 9.3 per cent firms are transitioned into large-sized firms.</p>.<p>This clearly indicates MSME units are getting bigger and getting integrated into larger value chains with initiatives like Production Linked Incentive (PLI), it added.</p>