India has moved over 271 million people out of multidimensional poverty between 2006 and 2016 while halving its poverty rate. However, the analytical apparatus used to measure poverty often leaves out a significant section of households that fall in and out of poverty over time. With 85% of India’s 460 million workforce currently engaged in the unorganised sector, there is a significant proportion of the workforce vulnerable to income, livelihood, longevity and health-related shocks. The lack of or insufficient access to risk protection may push these households into poverty when such risks materialise. Trends of growing informalisation of the workforce, even within the formal sector, further exacerbates these vulnerabilities.
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