The Indian economy’s recovery is likely to be shaped like a K rather than a V, as rising inequality is poised to hit consumption and growth prospects, the country’s former central bank governor said. “An important consequence of the pandemic has been the sharpening of inequalities,” Duvvuri Subbarao said in an April 9 interview. “Growing inequalities are not just a moral issue. They can erode consumption and hurt our long-term growth prospects.”