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Informal Economy

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Informal Economy

InstitutionClaim Cited

SEWA cooperatives

The Self-Employed Women's Association joined trade-union organizing to worker-owned banks, cooperatives, care services, and a federation so women in India's informal economy could build both collective voice and economic infrastructure. The system makes isolated workers visible as workers and owners, while market precarity, unpaid care, caste, digital access, and dependence on supporting institutions continue to constrain self-reliance.

How can women who work alone or in informal markets acquire the voice, finance, services, and enterprises normally supplied through formal employment?

Organizational CaseClaim Cited

India's 2016 demonetization

On 8 November 2016, India's government withdrew the legal-tender status of its two largest banknote denominations with only hours of public notice, seeking to attack unaccounted wealth, counterfeit currency, and illicit finance. The government said secrecy was essential and that many public implementers were being informed during the announcement; the resulting currency shortage imposed exceptional institutional workloads and locally documented costs on cash-dependent workers and households, while nearly all invalidated notes ultimately returned to the banking system.

Can a state preserve the surprise needed for a monetary shock while still testing operational capacity and protecting people who depend on the medium it withdraws?