Formalizing the Informal Economy Need for Comprehensive Reforms - By Dr. Amarjeet Bhargava
General Studies Paper 3/UPSC Mains/Issue Analysis Articles/Formalizing the Informal Economy Need for Comprehensive Reforms
To encourage formalization of the Indian economy, the government needs to simplify regulatory processes, reduce compliance burden, provide incentives, promote skill development programs and create an enabling business environment. Additionally, making stakeholders aware of the benefits of the formal economy and regulation of institutional factors to transform the economic activities are also important.
According to the 'India Employment Report 2024' released by the Institute of Human Development (IHD) and the International Labour Organization (ILO), about 81.1% of India's workforce belongs to the informal sectors of the economy. ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Issue Analysis
- 1 Debate over Lateral Entry into Civil Services - By Alok Singh
- 2 Addressing Global Challenges :The Global South's Perspective - By Dr. Amarjeet Bhargava
- 3 India-Poland Relations :The Leap towards Strategic Partnership - By Ranjeet Shah
- 4 India’s Engagement with Russia : Expanding Partnership amid Changing Global Order - By Alok Singh
- 5 Services Sector : Propelling India’s Economic Growth - By Ranjeet Shah
- 6 Harnessing Marine Biodiversity : BBNJ Agreement and Concerns of Sustainability - By Dr. Amarjeet Bhargava
- 7 India-Bangladesh Cooperation : Ensuring Progress and Development - By Alok Singh
- 8 Securing India’s Cyberspace - By Ranjeet Shah
- 9 India’s Unsustainable Urbanization :Challenges and Imperatives - By Dr. Amarjeet Bhargava
- 10 Climate Change: Impact on Women and Children Urgent Need to Address the Vulnerabilities - By Alok Singh
