Finance & economics | The sound of silence

Imagine an India without hawkers

A great informal economy appears to be formalising

2JBYDH3 Old Delhi, India  April 15, 2022 - Portrait of shopkeepers or street vendors in Chandni Chowk market of Delhi, Old Delhi Street Photography
Peddling pastImage: Alamy
|Mumbai

India’s vast informal economy is both a blessing and a curse. The hundreds of millions who toil in it—without contracts, outside the tax system, often on miserable incomes—are the human engine for the country’s farms, hawker stands and rickshaws, providing food, transport and even phone repair and currency exchange. They shape how India looks (the crowded markets), sounds (the buzz of bargaining) and smells (the snack carts lining the roads). And it is the sector’s resilience that keeps the country operating even in the most difficult times, soaking up unemployment.

This article appeared in the Finance & economics section of the print edition under the headline “Formalising”

From the January 7th 2023 edition

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