ABSTRACT
Aim of the Study: Despite implications of noncompliance, illegality, social exploitation, and marginalization, the informal sector contributes significantly to economic life in underdeveloped nations, as well as to more technologically advanced operations. Generally, the unorganized sector is thought to be fragmented, disorganized, and generally independent of government authority. Employees in the unorganized sector do not have guaranteed employment, vacations, supply chains, tips, employee state insurance, or other government-mandated benefits, but they appear to perform in an orderly manner despite the lack of employment security.
Design/Methodology: This study being a qualitative in nature, its study examines pertinent literature and secondary data sources. The research draws from a wide range of sources, including as government papers, reports from international organisations, and scholarly journal articles.
Findings: According to the research, the unorganised sector contributes significantly to employment and income, especially for the underprivileged and marginalised. The industry does, however, confront several difficulties, such as a dearth of social protection, restricted access to markets and resources, and a high level of informality in working relationships.
Practical Implications: The study's overall findings emphasise the need of understanding the informal sector's complexity and its vital role in the social and economic advancement of emerging nations.
Originality/value: An intricate and diverse phenomena, the informal sector is vital to the economies of developing nations. The nature and traits of the informal sector, its role in promoting economic growth and reducing poverty, and the main obstacles it faces have all been covered in this paper.
Keywords: unorganized sector, unorganized industry, government, economy
Paper type: Conceptual Paper
