HomeNews News 80% of informal economy to be brought under formal sector: J.P Nadda 80% of informal economy to be brought under formal sector: J.P Nadda

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80% of informal economy to be brought under formal sector: J.P Nadda

80% of informal economy to be brought under formal sector: J.P Nadda

Monday, March 20, 2017, 3:52 PM
Union Minister, J P Nadda, on Monday, said that, with the help of digitisation and cashless transactions, 80% of informal economic activities, will be brought into the formal economy, especially the retail industry. During the Digidhan Mela, the Union Health Minister said that this move will in-turn increase the number of taxpayers, and will create additional funds, which can be used for developmental purposes.
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