The Indian economy is characterized by a large unorganised or informal sector, which includes agriculture, small enterprises, and various informal service activities. This sector employs the vast majority of the workforce, estimated to be well over 80%. The organised or formal sector, comprising government entities, public sector undertakings, and registered private enterprises, provides only a smaller proportion of total employment.
Major part of employment in India arise in this field ______.
Asked in WBCS Main Paper 5 2021 · Topic: Nature of Indian Economy (Dualism in Indian Economy (Formal vs. Informal Sector))
More Economic Development questions
- What percentage of India's work force is engaged in the informal sector?
- What is the number of adults employed in the Corporate Sector ?
- What is the total number of employed persons in Public and Private Sector ?
- What is the number of Unemployed adults ?
- If the total population of the city is 2.5 lakhs, what is the percentage of total population that is employed in the Private Sector ?
- What is the percentage of Self-employed with respect to all employed persons ?
- Which one of the following statements with regard to economic models is not correct ?
- New Economic Reforms initiated in India consisted of _______. 1. Macroeconomic stabilization as supply- side management 2. Structural Reforms as supply-side management 3. Fiscal adjustment as demand-side adjustment