Consider the following statements regarding the employment situation in India.
1) The maximum share of employment is in the unorganised informal sector
2) Over the past few years, India has witnessed growth in informal employment in the organized sector.
Which of the above statements are correct?
- 1 only
- 2 only
- Both 1 and 2
- Neither 1 or 2
The correct answer for yesterday’s question is 1 i.e. Twin Balance Sheet Syndrome means the impaired financial positions of the PSBs, which are burdened with high non-performing assets (NPA) and the financial stress of the corporate houses because of slowdown in demand. These two phenomenon reinforce each other.