<h1>V-shaped recovery supported by vaccination and calibrated fiscal-monetary measures restoring consumption and investment momentum.</h1> The Economic Survey 2020-21 presents a V-shaped recovery supported by a mega vaccination drive, rebound in services, and revival in consumption and investment. It attributes stabilization to a calibrated policy mix under a four-pillar strategy of containment, fiscal support, financial measures and structural reforms, with targeted relief, liquidity provisioning, and instruments like credit guarantees and food subsidies cushioning vulnerabilities while preserving fiscal and external resilience.