The Journal of Income and Wealth

  • Year: 2008
  • Volume: 30
  • Issue: 2

Contribution and Growth of Unorganized Sector: Data and Measurement Issues in National Accounts Statistics

  • Author:
  • Indrajit Bairagya
  • Total Page Count: 24
  • DOI:
  • Page Number: 1 to 24

Institute for Social and Economic Change, Bangalore.

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Abstract

The unorganized sector has been contributing significantly to the Indian economy and expanding rapidly. This paper attempts to measure the significance of the unorganized sector in Indian economy in terms of its contribution, growth and composition over a long period from 1970 through 2006; and focuses on a comparative analysis between the organized and unorganized sectors under different foreign trade policy regimes. The study also focuses on disaggregation and comparison of growth of organized and unorganized NDP by 9 sub-sectors under different foreign trade policy regimes. In order to accomplish our goal, we have used annual data from National Accounts Statistics (1980 to 2008) on Net Domestic Product by organized and unorganized sectors at aggregate and disaggregate levels. Our analysis provides a basis to explore further on the determinants of such growth across policy regimes.

Keywords

Unorganized sector, organized sector, contribution, growth, composition, NDP, foreign trade policy regimes, aggregate and disaggregate levels