Question
The ratio of labour force in the informal to formal sector in India is approximately:
Answer: Option D
Answer: (d)
Employment Data (2017-18)
Total labour force = 50 crore
Formal = 5 crore
Informal = 45 crore (90% informal labour force)
Those firms which have ten or more workers using electricity and those with twenty or more workers, even if not using electricity belong to the formal sector else it is in the informal sector.
In general, those firms/companies which do not have any kind of registration with the government or do not pay tax belong to the informal sector.
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Answer: (d)
Employment Data (2017-18)
Total labour force = 50 crore
Formal = 5 crore
Informal = 45 crore (90% informal labour force)
Those firms which have ten or more workers using electricity and those with twenty or more workers, even if not using electricity belong to the formal sector else it is in the informal sector.
In general, those firms/companies which do not have any kind of registration with the government or do not pay tax belong to the informal sector.
Was this answer helpful ?
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