Economics

Formal Economy Increasing While Informal Is Decreasing, Reports SBI- Here's Why It's Good News For...

There is a positive sign in the informal economy getting formalized. In 2020-2021, there has been a large shrink in the informal economy in India. While 2017-18 was 52 per cent, the informal economy has now shrunk to 15-20 per cent of the total economic output, The Indian Express quoted an SBI...