This introductory chapter sets out the purpose of the book, which is to analyse the deeper impact of reformatory or deregulatory policies on the welfare of informal workers by incorporating the general equilibrium effects of such policies. The book provides some analyses of political economic issues, governance mechanisms, and the general policy environment that sustains or penalizes the dynamism of informal markets. It also reflects on the organizational relationship between the formal and the informal and related micro mechanisms. An overview of the subsequent chapters is presented, followed by a brief discussion of the elements of economic reforms in India.
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