Phase IFoundation
Background
Overview
Understanding the informal workforce is critical for analyzing India's economic structure, employment challenges, poverty alleviation strategies, and the effectiveness of social welfare policies. It directly relates to inclusive growth, social justice, and the challenges of development.
The informal workforce in India comprises a vast majority of the working population, characterized by insecure employment, low wages, and a lack of formal social protection. This sector is crucial for economic activity but leaves workers vulnerable to economic shocks, health crises, and old-age poverty due to the absence of institutional safety nets.