Three mantras for informal sector

Persistent and pervasive informality is a defining characteristic of developing cou­n­tries, India being no exception. While for­m­alisation of the informal sector contin­u­es to be the ultimate, yet arduous goal, a concrete blueprint elaborating where to begin and how to sustain the momentum is patchy at best and even theoretically in­consistent sometimes. Any strategy in this respect runs the risk of being counter-pro­d­uctive and inflicting huge costs on indiv­iduals, and even on the national eco­n­omy, given the complementary nature of backwa.....

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