"The India Uninc. is engine of our economic growth"
What is India Unincorporated ?
India Unincorporated is very Indian spirit with which we live. Its the India which we believe in. India unincorporated are those unorganized businesses which appear in every nook & corner of modern India. Its the iron fist of Indian economy, our answer to west world. it is the real reason why we stand strong when west sinks, cause our middle and low class stand strong.
In spite of this it is abandoned and often called as unwanted.
Unorganised sector is not the residual sector of Indian economy rather it is the dominant one. whensoever inflow of FDI (foreign direct invest) increases in indian economy it is celebrated, lauded & glorified but its contribution to indian economy has never been more 9%. Where as unorganised sector holds a humongous share of 40%.
Informal sector employs more than 93% of our total workforce. More than 90% of employment in agricultural sector & 70% of employment in non-agricultural sector falls in informal sector.
when the compatibility of so called 'soft' institution of identity ( like gender, race, religion) when considered informal sector proves to performing better than formal sector.
The level of penetration of informal sector in our economy is so incredible that NCEUS(National Commision on Enterprise in the informal sector) in one of its reports describes "Formal needs to informalise"
when the compatibility of so called 'soft' institution of identity ( like gender, race, religion) when considered informal sector proves to performing better than formal sector.
The level of penetration of informal sector in our economy is so incredible that NCEUS(National Commision on Enterprise in the informal sector) in one of its reports describes "Formal needs to informalise"
Instead of eliminating informal sector govt. Should consider to formalise this sector. Eliminating 40% of country's GDP. Pressuring formal sector to cover up for informal can be fatal for our economy
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