Q.3 How informal sector was disproportionately affected by the pandemic? What are the challenges in formalisation? (10 Marks)

Mentor’s comment- https://indianexpress.com/article/opinion/columns/informal-sector-covid-pandemic-sbi-study-7628201/ In the intro, mention the findings of SBI survey pointing to increasing formalisation.  In the body, mention factors such as lack of policy support, weak economic strength etc affecting the sector disproportionately. In the challenges mention lack of productivity. Conclude by mentioning the need to take into account the challenges in formalisation.