In a 43 minute interview to Karan Thapar for The Wire Prof. Goyal, who teaches at the Indira Gandhi Institute of Development Research in Mumbai, said India is likely to have a stop-start recovery over the next few months. This is because of the prevailing uncertainties as a result of a spate of state-wise or local lockdowns as well as the escalating Covid crisis. She said the recovery seemed V-shaped in June but it has flattened out in July. She said the recovery also looks different when viewed from the standpoint of different sectors. It is V-shaped in telecom and automobile companies like Maruti, where small cars have seen sales matching those of last year June. However, in other sectors like restaurants and hotels it’s more like a L-shape recovery. A third category of sectors such as pharmaceuticals and IT seem to be doing even better than last year.