Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
4. The issues in the informal sector could have various implications, including potential challenges for employment, livelihoods, and economic inclusivity. Examine. (250 words)
Difficulty level: Tough
Reference: Indian Express
Why the question:
The article explores the factors contributing to the stunted growth of the middle class in India, focusing on the role of the manufacturing and informal sectors.
Key Demand of the question:
To analyse the impact of shrinking of informal sector in India and the necessary precautions to protects the employees in the unorganised sector.
Directive word:
Examine – When asked to ‘Examine’, we must investigate the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications.
Structure of the answer:
Introduction:
Begin by giving context.
Body:
First, write about the various issues in the informal sector.
Next, write about the impact of the above issues. Cite statistics and examples to substantiate.
Next, mention the need for a robust policy to ensure there is smooth transition of businesses and employees from the informal to formal sector through upskilling, financing initiatives etc.
Conclusion:
Conclude by writing a way forward.
