What kind of a future the most-populous nation will secure before its demographic advantage fades may come down to how quickly it can replace informal and poor-quality work. — Bloomberg
INDIA’S mission to bring its vast workforce into formal jobs is faltering, leaving a majority of non-farm labour in unincorporated businesses.
It isn’t just tax evasion that’s prompting employers to keep workers under the radar. Therefore, putting more transactions under the government’s scanner – via the digital trail of a goods and services levy – may not be the solution it’s cracked up to be.
