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What's the Connection Between the Informal Economy and the Formal Economy?
The economy is a collection of people who are living these real human dramas. And at one level it's an existential, metaphysical question, how do you live in this world? All these people come to cities, jobs are gone. There's no transport. They have to go back home. My sense, s tha, the connection between the informal economy and the fornomal economy is broken down. You are only looking at the formal economy. Your consumption base now largely is government and people who draw salaries and pensions inflation indext from government p s us,. That is your consumption base. Those of the people who are cushioned from what happened because of covert they are driving their savings and investments