Productivity Saga of The Indian Informal Sector
Anoushka Bose
Anoushka Bose, Student, Department of Economics, University of Calcutta Kolkata, West Bengal, India.
Manuscript received on 28 March 2023 | Revised Manuscript received on 04 April 2023 | Manuscript Accepted on 15 May 2023 | Manuscript published on 30 January 2024. | PP: 24-34 | Volume-3 Issue-1, May 2023 | Retrieval Number: 100.1/ijef.A2540053123 | DOI : 10.54105/ijef.A2540.03010523
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© The Authors. Published by Lattice Science Publication (LSP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: While considering the developing countries like India, it is very important to focus on the primary source of employment for the majority of the labour force, i.e., the Informal or the Unorganised sector of the Indian Economy. The aim of this paper is to take an insight in the various parameters of the growth, employment and labour productivity figures that have changed since 1972. The analysis would empirically capture the progress and changes in the sector down the financial years and scrutinize how it has resulted in a change in the informal labour market. The aim is to establish the importance of the Informal Sector in India and show how the grandeur behind the growing variables are a deception and hides the crumbling core of the Indian Informal Sector: falling labour productivity over the years.
Keywords: Informal, Labour, Falling
Scope of the Article: Capital Markets in Emerging Economies