Authors :
S. N. Saha
Volume/Issue :
Volume 11 - 2026, Issue 9 - September
Google Scholar :
https://tinyurl.com/4usmu58u
DOI :
https://doi.org/10.38124/ijisrt/26sep833
Note : A published paper may take 4-5
working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and
ResearchGate.
Abstract :
The informal economies in different countries have shown rapid growth since globalization[1] in 1990s[2]. A group
of countries in Asia-Pacific, Latin America and Sub-Saharan Africa [3] have experienced growth in informal economy with
a majority of non-agricultural work force. In India, while the rural sector is vulnerable (Srivastava & Vhatia, 2020) to
seasonal fluctuations, the urban sector is better off. Thus, urban sector now-a-days comprises two sectors: i) formal and ii)
informal for two separate categories of job-seekers. Formal sectors comprise I.T, manufacturing or Government jobs while
informal sector consists of vast servicing activities (trade and commerce of low investment, hawking, gig works, domestic
assistants and the like).
References :
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- Jason Fernando, Opportunity Cost: Definition, formula and examples, Investopedia
- SBI Bank, 10Dec, 2025,International Journal 16July,20
The informal economies in different countries have shown rapid growth since globalization[1] in 1990s[2]. A group
of countries in Asia-Pacific, Latin America and Sub-Saharan Africa [3] have experienced growth in informal economy with
a majority of non-agricultural work force. In India, while the rural sector is vulnerable (Srivastava & Vhatia, 2020) to
seasonal fluctuations, the urban sector is better off. Thus, urban sector now-a-days comprises two sectors: i) formal and ii)
informal for two separate categories of job-seekers. Formal sectors comprise I.T, manufacturing or Government jobs while
informal sector consists of vast servicing activities (trade and commerce of low investment, hawking, gig works, domestic
assistants and the like).
