India’s informal economy has not shrunk
2021-11-30
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…Continue Reading