Economics · Informal Sector Issues
What is a major challenge associated with the informal sector workforce in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Excessively high statutory minimum wages
- 2Strong constitutional job security
- 3Lack of adequate social protection and safety nets✓
- 4Excess capital formation and high savings
Correct answer
Lack of adequate social protection and safety nets
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