Do you agree with the view that the huge presence of the informal sector in the Indian economy would make the government spending to revive the economy more beneficial than what would appear in the official figures. (15 Marks)

Mentor’s comment:

  • https://indianexpress.com/article/opinion/columns/economy-slowdown-gdp-growth-development-where-demand-has-gone-6230425/
  • In the intro, briefly explain what do you mean by informal sector.
  • In the body, explain how official figures cannot factor in the exact contribution of the informal sector but how significant role is played by that sector in the economy. Further, explain how the government spending would benefit that sector, and how it would be difficult to see the results in the official figures of the government.
  • In conclusion, stress the importance of the informal sector in the Indian economy.
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4 years ago

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4 years ago

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