An important part of all developing economies is the informal sector, which accounts for a significant proportion of employment generation. The informal economy consists of not only wage and self-employment in the informal sector but casual (wage) employment in the formal sector. This sector is not registered, and so does not appear in official statistics and is not liable to pay taxes and is therefore not involved in illegal activities such as drug peddling. At a time when the state is withdrawing from business activity and with downsizing, the private sector must help provide employment. This book is a collection of research articles on various aspects of the informal economy. It looks at informal finance and the township and village enterprises in China, which is also a segment of the informal economy.
ABOUT THE AUTHOR Sridhar Krishna
Sridhar Krishna holds a Ph.D. in Economics from the Centre for Economic Studies and Planning, Jawaharlal Nehru University. He is currently Consulting Editor, Icfai Business School Research Centre, Bangalore. Before joining Icfai, he has served as a Consultant for the Institute for Social and Economic Change and for the Institute for Studies in Industrial Development. Besides these, he worked as an Associate Consultant at the Indian Council for Research on International Economic Relations; as a Fellow at the Institute for Human Development; as an Associate Editor for Indian Journal for Labour Economics; as a Lecturer at the Indian Institute of Finance; and as a Research Officer at the Centre for Budget and Policy Studies. He has to his credit several articles published in the Economic and Political Weekly.
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