The Challenge of Formalizing the Indian Economy

MIN READJul 31, 2018 | 10:00 GMT

Transforming the Indian economy will take more than a shift from agriculture to manufacturing, including making strides in formalization.
An Indian farmer with his produce waits to negotiate with traders at a wholesale vegetable market in Hyderabad on Feb. 1, 2018.

(NOAH SEELAM/AFP/Getty Images)

To realize its goals for the country's economy, India's government will have to step back and make room for the private sector....

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