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Disparities and Informal Economy: An Indian Perspective – A Special Reference to COVID-19

Disparities and Informal Economy: An Indian Perspective – A Special Reference to COVID-19

Shrabanti Pal
Copyright: © 2023 |Pages: 12
ISBN13: 9781668469903|ISBN10: 1668469901|ISBN13 Softcover: 9781668469910|EISBN13: 9781668469927
DOI: 10.4018/978-1-6684-6990-3.ch002
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MLA

Pal, Shrabanti. "Disparities and Informal Economy: An Indian Perspective – A Special Reference to COVID-19." Socio-Economic Disparities, Vulnerable Communities, and the Future of Work and Entrepreneurship, edited by JoAnn Denise Rolle and Micah Crump, IGI Global, 2023, pp. 14-25. https://doi.org/10.4018/978-1-6684-6990-3.ch002

APA

Pal, S. (2023). Disparities and Informal Economy: An Indian Perspective – A Special Reference to COVID-19. In J. Rolle & M. Crump (Eds.), Socio-Economic Disparities, Vulnerable Communities, and the Future of Work and Entrepreneurship (pp. 14-25). IGI Global. https://doi.org/10.4018/978-1-6684-6990-3.ch002

Chicago

Pal, Shrabanti. "Disparities and Informal Economy: An Indian Perspective – A Special Reference to COVID-19." In Socio-Economic Disparities, Vulnerable Communities, and the Future of Work and Entrepreneurship, edited by JoAnn Denise Rolle and Micah Crump, 14-25. Hershey, PA: IGI Global, 2023. https://doi.org/10.4018/978-1-6684-6990-3.ch002

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Abstract

Informal markets are present in the whole world, especially in developing countries like India. The devastating attack of COVID-19 resulting in an abrupt lockdown has had an immense impact on the informal sector in an unprecedented way. The present chapter is an endeavor to highlight and explore the current scenario of the informal sector. It also looks at the major challenges and impact of disparities in that particular sector in the backdrop of COVID-19. An exploratory methodology is applied in the present study comprising national and international reports, research papers, and available literature in the related area. The study finds that during the pandemic time rapid rising of socio-economic problems in the informal sector due to job loss, unemployment, social uncertainty, and gender inequality. The study recommends the induction of a new policy consisting of proper rules, regulations, protection measures, and a professional code of conduct to offset the impact of the pandemic. A future study is required on the Indian informal sector to evaluate the effect of the pandemic.

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