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Does India really have a large formal sector? The Economic Survey says that India's formal sector is much bigger than previously imagined. As many as 53% of India's workers seem to work for GST-paying firms, if not in agriculture. Should we revisit how we think of India's informal economy? Or is this a wild overestimate? Nitin Pai, Pavan Srinath and Pranay Kotasthane discuss new data from the Economic Survey, and what it means for India's economy. This is part 2 of 7 short clips on the Economic Survey of India 2017-18, presented on Jan 29 by Chief Economic Advisor Mr Arvind Subramaniam.


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