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India's economy takes 'formal' leap as informal shrinks drastically: Study

15-20% of economy informal now as against 52% in FY18; digitisation, gig economy key drivers: Study

Topics
Indian Economy | India's GVA growth | gig economy

Indivjal Dhasmana  |  New Delhi 



Illustration
Illustration: Ajay Mohanty

The share of the informal sector in India’s economy fell drastically to 15-20 per cent in 2020-21 from 52.4 per cent in 2017-18 due to and the rapidly expanding gig economy, according to a study by SBI Research.

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First Published: Mon, November 01 2021. 06:02 IST

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