COVID-19: Lockdown Impact on Informal Sector in India
- July 29, 2020
COVID-19 will initiate a new realignment. First, there may be a tendency to use suppliers in more expensive locations (but closer to major markets) by replacing labour with capital. Second, in the medium term, we will see greater exclusion of productive activities by global value chains from the informal economy. Both will be at the expense of countries that want to take advantage of their low labour costs by engaging in manufacturing supply chain.
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