Shoppers walk through a market adjacent to the “Char Minar” monument in Hyderabad. Photographer: Prashanth Vishwanathan/Bloomberg
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 ...