Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
6. Explain how in order to have a push towards spontaneous formalization, major transformations are required in the informal sector of the country. (250 words)
Reference: Financial Express
Why the question:
The article throws light on the Atmanirbhar Bharat and the informal sector.
Key Demand of the question:
Explain how in order to have a push towards spontaneous formalization, major transformations are required in the informal sector of the country.
Directive:
Explain – Clarify the topic by giving a detailed account as to how and why it occurred, or what is the particular context. You must be defining key terms where ever appropriate, and substantiate with relevant associated facts.
Structure of the answer:
Introduction:
Start with the current conditions of informal sector in the country.
Body:
Discuss the issue with informal sector in the country.
Explain the concerns associated and the efforts of the government in this direction.
Explain how in order to have a push towards spontaneous formalization, major transformations are required in the informal sector of the country.
Take hints from the article and suggest what needs to be done.
Conclusion:
Conclude with way forward.
