VOICE & VIEWS
Prof.Dibyendu Maiti Delhi School of Economics, University of Delhi 1.How do labor, technology, and informality interact in shaping economic development in countries like India? Respondent: The relationship between labor, technology, and informality plays a crucial role in shaping economic development in countries like India. Despite significant economic growth since independence, a large informal sector continues to persist. While growth has brought technological advancement, it has not been sufficient to absorb informal workers into the formal sector. This remains one of the major challenges for the Indian economy. Technology adoption is indeed taking place, but it is largely concentrated in a few industries within the formal sector. As a result, some level of structural imbalance has emerged. The informal sector, which includes a significant portion of production and consumption activities, has not been able to effectively access or adopt modern techno...