CURRENT AFFAIRS

Detailed explanation-1: -Despite witnessing rapid economic growth over the last two decades, 90% of workers in India have remained informally employed, producing about half of Gross Domestic Product (GDP).

Detailed explanation-2: -The Indian labour market is characterised by predominance of informal employment with more than 90 per cent of India’s informal workforce working as self-employed and casual workers. The worrying trend is the increasing rate of informal employment even in the organised sector.

Detailed explanation-3: -Agriculture: landless labourers, small farmers, traditional artisans, animal husbandry. Industry: workers in brick-kilns, construction, beedi-making, incense stick. Services: workers in local transport, shops, domestic servants, community services like street cleaning, street vendors, garbage collectors.

Detailed explanation-4: -As explained in the previous section, the informal sector can clearly be identified as a sub-sector of the unincorporated enterprises of the household institutional sector in the SNA and its contribution to the GDP can be measured relatively easily.