Finshot: How do we accurately measure the informal economy in India? The only thing we have right now is some decent estimates, not the most accurate ones. While there is ample evidence to suggest that the informal is being formalized, there's still a lot of debate about the peace at which progress is being made.
A week ago, SBI’s Research department released a report stating that India’s informal economy has shrunk to 20% of its GDP. And since there’s been a lot of debate about this number, we thought we’d unpack it a bit in today’s episode.