The impact of COVID-19 on the informal economy
The impact of COVID-19 on the informal economy
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ilo.org
Informal Enterprises in India: Bridging Data, Policy, and Action for Inclusive Growth • The Lakshmi Mittal and Family South Asia Institute
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Rating agency CRISIL has revised its real GDP forecast for FY 21 from -5% to -9%. The reasons are still the ongoing COVID-19 pandemic and resultant hit on economic activities due to the lockdown as well as limited fiscal support from the government. The permanent loss to India's GDP is 13% vs 3% for rest of Asia-Pacific economies. How much can a growing agriculture sector compensate in the formal and informal economy? BOOM Explains. DK Joshi, Chief Economist, CRISIL, says overall, a falling GDP
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