Demonetisation push to labour reforms4 min read 15 Dec 2016, 02:05 AM IST
Demonetisation has the potential to facilitate an environment that will develop a formal culture in India's labour markets
Among the loudest critics of the demonetisation policy are those who predict doom for India’s informal sector as a result of this exogenous shock. Numerous anecdotes are being forwarded to highlight the suffering of daily wage earners and informal labourers across the country. Let us use this opportunity to critically evaluate the factors that have contributed to keeping approximately 83% of India’s labour force informal, despite 25 years of modest growth in a seemingly liberalized economy.
Select your Category