-TheQuint.com A recent SBI report, which states that the informal economy has declined, avoids even defining ‘informal economy’. A recent edition of “Ecowrap”, a publication of the research team of the State Bank of India (SBI), has claimed that India’s informal economy has sharply declined from 52.4 per cent in 2017-18 to between 15 and 20 per cent in 2020-21 in the three years since 2017-18. This finding by the SBI research...
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How India’s informal economy is shrinking, and why that’s good news in the long term -Ila Patnaik and Radhika Pandey
-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in Informal Sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
More »Informal Sector shrank sharply in 2020-21: SBI report -Vikas Dhoot
-The Hindu Informal workers continue to bear the brunt of pandemic’s adverse effects, says SBI report Signalling a greater shift towards formalisation of the economy, the share of the large Informal Sector in overall economic activity dipped sharply in 2020-21 even as informal workers continue to bear the brunt of the pandemic’s adverse effects, the SBI said in a research report. Concluding that the share of the informal economy may have shrunk to...
More »Women comprise nearly half of Informal Sector workers, data from new national portal shows -Zia Haq
-Hindustan Times Workers who have registered so far belong to diverse occupations, such as construction, apparel manufacturing, fishing, gig and platform work, street vending as well as domestic work. Nearly half of 40 million workers of the country’s informal economy registered on a recently launched national portal are women, and most workers regardless of gender are from disadvantaged castes, official data that shines new light on India’s invisible unorganised labour force shows. Trends...
More »Hurdles ahead for One Nation One Ration Card scheme -Sameet Panda
-GaonConnection.com The One Nation One Ration card scheme was launched in June 2019 to reform the Public Distribution System (PDS). However, close to 100 million people are estimated to be excluded from the PDS. There are several other challenges in the new scheme that need to be addressed. The condition of migrant workers suddenly shot to the limelight in the early stages of the COVID-19 pandemic as hundreds of thousands of migrants...
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