Does India really have a large formal sector? The Economic Survey says that Indias formal sector is much bigger than previously imagined. As many as 53 of Indias workers seem to work for GST-paying firms, if not in agriculture. Should we revisit how we think of Indias informal economy? Or is this a wild overestimate? Nitin Pai, Pavan Srinath and Pranay Kotasthane discuss new data from the Economic Survey, and what it means for Indias economy. This is part 2 of 7 short clips on the Economic Survey of India 2017-18, presented on Jan 29 by Chief Economic Advisor Mr Arvind Subramaniam.