SBI Report Highlights Need for Workforce Formalization and Social Security Expansion
A recent report by SBI Research emphasizes the persistent issue of informal employment across all states in India, despite regional differences. The report highlights that female workers are 4.8% more likely to be informal workers compared to their male counterparts. Additionally, workers in the construction sector are 4.5% more likely to be engaged in informal employment than those in agriculture. The report also notes that government training significantly boosts self-employment among females, with a 5.8% increase in the probability of self-employment linked to government funding. Punjab, Uttar Pradesh, and Bihar have the highest shares of informal workers, with 82% and 81% respectively. The report suggests that higher levels of informality in northern and central states may be due to the dominance of agriculture and low-productivity employment activities. 
