Indian economy is very vivid and diversified that
agriculture, cottage industries, handicrafts and large scale industries
co-exist, While the formal sector enjoys huge benefits including the government recognition, secured pay scales, leaves and other employment benefits, informal
sector consisting individual and small scale operations suffer from multiple
challenges including job insecurity, social insecurity, instability, migration,
child labour, and exploitation of working women. As the informal sector
remained as a employment for many, government of India must initiate programmes
to streamline this sector in order to provide job security and the other
employment benfits.
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