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Covid-19 Impact: Bank Deposits Reflect The Pandemic’s K-Shaped Impact
While metropolitan cities, have led the rise in deposit growth, rural India has faltered in an early sign of distress.
08 Jun 2021, 10:58 AM IST
The Covid-19 pandemic is widely expected to have a “K-shaped” impact on the economy. Those with assets and steady income have gained from policies put in place to fight the pandemic, while many others suffered due to job and salary losses.This impact is clearly visible in the disaggregated data for bank deposits, now available for the full financial year of 2020-21.Bank deposit growth had remained strong through much of the pandemic ...
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