Economy, asked by anamhakim14, 11 months ago

Contribution of formal sector to the Indian Economy

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Answered by alanmathewse

Answer:A formal sector of the economy is a well defined sector or an organized sector that contributes to the gross national product (GNP) and gross domestic product (GDP) of the country. It is also taxed and monitored by the government. ... In India, the informal sector employs the maximum number of people.

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