According to one estimate, more than half of the jobs created in India since 1991 have been

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According to one estimate, more than half of the jobs created in India since 1991 have been in the informal sector.

a. What is the informal sector? Why might businesses choose to operate in the informal sector?

b. If this estimate is correct, has the level of production in India increased more rapidly or more slowly since 1991 than indicated when measured by the increase in GDP?

Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Apr 13, 2024 10:00 PM

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According to one estimate, more than half of the jobs created in India since 1991 have been

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a The informal sector refers to economic activities and employment that are not regulated or officia...View the full answer

Macroeconomics

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