Volume : 2, Issue : 9, SEP 2016

INFORMAL SECTOR: HOPES AND CHALLENGES

Dr. Vashishthadhar J. Dwivedi

Abstract

In India, the term informal sector has not been used in the official statistics or in the National Account statistics (NAS). The terms used in India NAS are 'organized' and 'unorganized' sectors. The organized sector comprises enterprises for which the statistics are available from the budget document or report etc. On the other hand the unorganized sector refers to those enterprises whose activities or collection of data is not regulated under any legal provision or do not maintain any regular accounts. In the unorganized sector, in addition to the unincorporated properties or partnership enterprise or partnership enterprises or enterprises run by cooperatives societies, trust, private and limited companies are also covered. The informal sector can therefore, be considered as a sub-set of the unorganized sector.

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