Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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An SBI Research study&rsquo;s claim that there is greater formalisation of the economy is unfounded

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		 Published on</span><span class="text-date"> Dec 1, 2021</span>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>An SBI Research study&rsquo;s claim that there is greater formalisation of the economy is unfounded</em></p><p style="text-align:justify">According to a recent State Bank of India (SBI) <a href="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf" title="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf">Research report</a>, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let&rsquo;s examine each of these.</p><p style="text-align:justify">The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. If that was the case, India would have become a &lsquo;miracle&rsquo; economy overnight, since no upper-middle-income economy in Latin America or the ASEAN or any low-middle-income country has achieved this kind of transformation. On the other hand, since the COVID-19 outbreak, informality of enterprises and workers has increased in all such economies.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" class="re" target="_blank">The Hindu, 1 December, 2021, https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true</a><div class="clear"></div>
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    <h1 class="cat-box-title">India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>An SBI Research study&rsquo;s claim that there is greater formalisation of the economy is unfounded</em></p><p style="text-align:justify">According to a recent State Bank of India (SBI) <a href="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf" title="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf">Research report</a>, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let&rsquo;s examine each of these.</p><p style="text-align:justify">The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. If that was the case, India would have become a &lsquo;miracle&rsquo; economy overnight, since no upper-middle-income economy in Latin America or the ASEAN or any low-middle-income country has achieved this kind of transformation. On the other hand, since the COVID-19 outbreak, informality of enterprises and workers has increased in all such economies.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" class="re" target="_blank">The Hindu, 1 December, 2021, https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true</a><div class="clear"></div>
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An SBI Research study&rsquo;s claim that there is greater formalisation of the economy is unfounded

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    <h1 class="cat-box-title">India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>An SBI Research study&rsquo;s claim that there is greater formalisation of the economy is unfounded</em></p><p style="text-align:justify">According to a recent State Bank of India (SBI) <a href="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf" title="https://im4change.org/upload/files/SBI%20Ecowrap%20Informal%20Sector%201%20November%202021%281%29.pdf">Research report</a>, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let&rsquo;s examine each of these.</p><p style="text-align:justify">The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. If that was the case, India would have become a &lsquo;miracle&rsquo; economy overnight, since no upper-middle-income economy in Latin America or the ASEAN or any low-middle-income country has achieved this kind of transformation. On the other hand, since the COVID-19 outbreak, informality of enterprises and workers has increased in all such economies.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true" class="re" target="_blank">The Hindu, 1 December, 2021, https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true</a><div class="clear"></div>
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India’s informal economy has not shrunk -Santosh Mehrotra and Kingshuk Sarkar

Published on Dec 1, 2021   Modified on Dec 1, 2021

-The Hindu An SBI Research study’s claim that there is greater formalisation of the economy is unfounded According to a recent State Bank of India (SBI) Research report, the informal economy in India has been shrinking since 2018. Formalisation, the report says, has taken place through the gross value-added (GVA) route, consumption through increased digital payments, and the employment route. Let’s examine each of these. The report claims that the share of the informal sector is just 15-20% in 2021 compared to 52.4% in 2018. If that was the case, India would have become a ‘miracle’ economy overnight, since no upper-middle-income economy in Latin America or the ASEAN or any low-middle-income country has achieved this kind of transformation. On the other hand, since the COVID-19 outbreak, informality of enterprises and workers has increased in all such economies. Please click here to read more.

The Hindu, 1 December, 2021, https://www.thehindu.com/opinion/op-ed/indias-informal-economy-has-not-shrunk/article37778140.ece?homepage=true

Tagged with: State Bank of India Informal Economy Informal Sector Informal Sector Employment

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