User:Parekh Kavit/sandbox

The Emergence of Street Market
Informal market is a market were the worker are self-employee and work for the self-employed person. And this market is neither taxed nor controlled by any form of government. Informal market activity are not recorded in the growth of economy that either on Gross Domestic Product or Gross National Product of a country. This market is also describe as the grey market in labours. Informal markets tends to provide critical opportunity to poor people and it’s been expanding rapidly since 1960. The informal sector have a significant portion in the developing countries economy but it is usually unmanageable and troublesome to have a record of each informal market of the countries.

The emergence of the informal market was initially known as the traditional form of market were the people used to make different types of goods, such as flower vendors, vegetable vendors, shoe market on a footpath bookstall etc. are the different forms of informal market which not well organized and even government policy can’t affect them from doing their business. Initially according to the survey it was believed that traditional form of work and different productions of good service in informal market would diminished from the market due to the economic progress in the developing countries. But this sector tend to be continued till date and is more expanding with new development in it.

Talking about Indian economy market. During 2000-2010 there were 6.4 million new employees opportunities recorded and from that 76% of it was in informal sector and remaining 24% were in formal sector though among them 81% were informally employed. As all the unorganised private enterprise who usually owned by individuals and households who are engaged in the sales or in manufacturing of goods and services which are mostly proprietorship or based on the partnership who required at least  10 or less worker, petty shops paddlers, some are the home-run establishment. There is a fact that a sector like trading and the construction are more important contributor for the unorganised structure and for the informal employment.

In the year 2004-05 and 2011-12 there was increase in the total employment in the country that is from 457.9 to 472.4 million. And at that same time the rate of employment in the organised, non-agriculture sector and organised private enterprise rose from 28.8 million to 47.7 million and now considering the informal sector the employment rose from 185.4 million to 209.6 million. From this we can say that the employment in organised sector stood at 6.3% in 2004-05 and 10.01% in 2011-12. It is very clear that number of people were more who joined the unorganised sectors workforce than the organised sector between 2004-05 and 2011-12.