Understanding India's informal economy and the game of GST | Cracknomics Ep 10.

90% of India’s workforce works in the unorganised sector. Yet this is the sector that remains the most ignored. In the name of formalisation of the economy, all major steps taken so far have harmed the MSME sector instead of helping them. From demonetisation, to GST, to the covid-19 pandemic induced lockdown, all spelled doom for the workers in the unorganised sector.
Still the MSME sector produces over 6000 different types of products, contributes to 30% of the GDP and upto 45% of the country’s exports!
Why can’t we give the unroganised sector the true support it needs? Oh, then what will happen to our global champions who feed on small fishes to grow larger? Watch the episode to find out more! If you like the video, please ‘like, share and subscribe.’

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