. CENTRE FOR NEW ECONOMICS STUDIES (CNES) Governing Dynamics of Informal Markets: A Case Study of Local Markets in Delhi. Principal Investigator1: Deepanshu Mohan Assistant Professor of Economics & Executive Director, Centre for New Economics Studies (CNES). O.P.Jindal Global University. Email id:
[email protected] Co-Investigator: Richa Sekhani Senior Research Analyst, Centre for New Economics Studies (CNES),O.P.Jindal Global University. Email id:
[email protected] 1 We would like to acknowledge the effort and amazing research provided by Sanjana Medipally, Shivkrit Rai, Raghu Vinayak, Atharva Deshmukh, Vaidik Dalal, Yunha Sangha, Ananya who worked as Research Assistants on the Project. Contents 1. Introduction 4 1.1 Significance: Choosing Delhi as a case study for studying informal markets ……. 6 2. A Brief Literature Review on Understanding the Notion of “Informality”: origin and debates 6 3. Scope of the study and objectives 9 3.1 Capturing samples of oral count(s) from merchants/vendors operating in targeted informal markets ………………………………………………………………………. 9 3.2 Gauging the Supply-Chain Dynamics of consumer baskets available in these markets… 9 3.3 Legality and Regulatory aspect of these markets and the “soft” relationship shared with the state ………………………………………………………………………….... 10 3.4 Understand to what extent bargaining power (in a buyer-seller framework) acts as an additional information variable in the price determination of a given basket of goods? ..10 4. Methodology 11 Figure 1: Overview of the zonal areas of the markets used in Delhi …………………... 12 Table 1: Number of interviews and product basket covered for the study …………….. 13 5. Introduction to the selected markets in Delhi 15 Figure 2: Overview of the strategic Dilli Haat location from INA metro Station ……...