Skip to main content

India Uninc.

"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"

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






Comments

Popular posts from this blog

Blockchain - The Tech Behind Cryptocurrency

8th October 2008, Satoshi Nakamoto released the white paper of bitcoin. This white paper wasn't any other authoritative document but it was beginning of an biggest ever digital revolution man kind will ever see. 3rd January, 2009,  The bitcoin network came to life , Nakamoto did first transaction and produced the genesis block of bitcoin.  But bitcoin wasn't the "THE BIGGEST EVER DIGITAL REVOLUTION" I was talking about. It was the tech behind bitcoin, BLOCKCHAIN . People think Nakamoto invented blockchain because of bitcoin but what I think is just the opposite of it.  What is blockchain ? Blockchain is a new type of internet. Unlike internet blockchain is distributed, public ledger. Just like facebook is an application of internet blockchain is of application of  blockchain. Major difference between internet and blockchain is that internet is an network based on intermediaries whereas blockchain is a peer - to - peer network.  For Exam...

RBI Regulated Organisations Barred From All Cryptocurrency-Related Services

"We have decided to ring-fence the RBI regulated entities from the risks of dealing with virtual currencies. These operators are required to stop having a business relationship with the entities dealing with virtual currencies forthwith and unwind the existing relationships within three months"                                                          - BP Kanungo                                                              (Deputy Governor,  RBI) After issuing premonitory warnings RBI finally doomed cryptocurrency exchanges by banning all RBI regulated organisations to provide services to cryptocurrency-related entities form 5th July, 2018 As per press circular released by ...

Hash Funcation in Blockchain

Almost everyone has heard about blockchain. But not every one understands how it works. This blog shows that understanding blockchain is a five finger exercise . Let's Imagine there are ten friends(ram, shyam, ben, clarks, Roni, Johnny, Golu, Tony, Gatsby & Ann) who have came into an agreement that whatever monetary transaction they are doing shall be recorded by Ram Ram recorded following transactions:- 1. Ben gave $200 to Roni 2. Roni gave $50 to Gatsby 3. Johnny gave $150 to Ann 4. ......... Now lets suppose Gatsby decided to change the entries 1. Ben gave $200 to Roni 2. Roni gave $50 $60 to Gatsby 3. Johnny gave $150 to Ann 4. ......... Ram Noticed that someone has changed the entries. So he decided to come up with a way such that he converted every statement into a code. Each new statement is converted into a code in such a that it made from code of previous code and code of new statement. 1. Ben gave $200 to Roni  - 059fa39a6995d4b9be5831ef...