Phase IFoundation
Background
Overview
Understanding the informal sector is crucial for addressing poverty, inequality, social justice, and sustainable urban development in India. It's a key area for policy interventions related to labor welfare, social security, and economic inclusion, directly impacting a large segment of the population.
The informal sector comprises a significant portion of the Indian workforce, characterized by a lack of formal employment contracts, social security benefits, and regulatory oversight. Workers in this sector often face precarious working conditions, low wages, and vulnerability to economic shocks, contributing significantly to urban economies despite their marginalization.