Indian Economy Moving Towards Organized Sector

What percent of the Indian economy is in the "unorganized sector?" Numbers ranging from 60% to 97% are talked about.

With big corporations gradually moving into this space (e.g. Reliance getting into retailing), a significant part of this economy is going to be turned on its head. Do we understand the social implications?

- Many small businesses will be driven out. Their employees may find employment at large corporations, doing the same things, but under better working conditions. However, a significant majority of these business have no regular real employees - it is all family-run. What happens to these families?

- Cost structures of many of these are very low - almost insignificant profit margins. While large buying entities may reduce cost of acquisition, there will be additional corporate costs.

- Corporations will be able to flex their muscles to extract very low prices from suppliers. And they will dis-intermediate the middle man.

The quality of life of buyers, on the other hand, will improve substantially.

- Easier access to many things under the same roof. What you had to go to 5 stores to buy, and took and entire morning, can now be bought at a single store in half an hour.

- Their employees will have better working conditions.

Social implications are huge though.