Theoretical perspectives on the informal economy -- The policy context -- Change and continuity in the Indian informal manufacturing sector -- Firms in the Indian informal manufacturing sector : characteristics and evolution over time -- The performance of informal manufacturing firms -- The determinants of firm transition -- Globalization and its effects -- Out of the shadows? Lessons and policy implications
Summary
The Indian manufacturing sector has undergone comprehensive reforms since 1991. In spite of rapid rates of economic growth since the reforms, the informal sector has been a persistent phenomenon in India, leading to significant policy concerns on the lack of inclusivity of economic growth. This book assesses how informal manufacturing firms have responded to the context of economic liberalization in India, and provides policy recommendations on how to make India's economic growth more inclusive of the informal sector
