The unique feature of the unorganised/informal retail trade is that
there is absolute free entry and free exit. In the recent past there has
been stagnation in the generation of job opportunities and income
generating activities. Job seekers are unable to gain employment
quickly, particularly in the formal sector. In fact employment in the
formal sector in recent years is reported to have registered nil or
marginal growth. Consequently unemployment and underemployment have
become serious problems, particularly in the big cities. As a result
more and more of those who cannot find regular organised jobs are forced
to enter into low paid gobs/activities with least security in the
informal sector, primarily in unorganised (informal) retail trading
activities.
Dr.C.Murukadas, The Hindu Business Line, Sep 28, 2012