2024 Ahoy! Can India conjure up 7% growth for the fiscal?
Can use of high-frequency formal sector indicators – which don’t take into account informal sector – be the basis for upward revision of growth numbers by RBI.
formal sector
December 2023
April 2023
December 2021
Formal job creation dips in February: EPFO data
Out of 13.96 lakh members added during the month, around 7.38 lakh new members have come under the ambit of EPFO for the first time.
Rising informal employment eclipses GDP recovery
As formal and well-paying jobs continue to disappear, reverse migration to informal and low-paying work could hit economic growth.
