
The informal sector is often very helpful in early stages of economic growth but as the wagon moves forward, formalization becomes the need of hour and demonetization, GST and AADHAR are the moves in that direction. When money pouring in the economic system, regulatory authorities must have enough data to check and balance else you will have other lords controlling whole economy. And the way Indian economy was moving along with unimaginable amount counterfeit currency in the system, was undermining all the efforts put forth by respective governments.