The formalisation of Indian economy will happen, not by large companies hiring thousands of employees, but by networks, being agile and flexible, and by harnessing individual entr-epreneurs and giving them access to credit, sk-ills, markets, social security and so on,” he said.Speaking at an event, he said: "To address the problem of employment and entrepreneurship, ways sho-uld be found to aggregate millions of small producers of different kinds into platforms.”Citing Ola, Uber, Ama-zon and Flipkart, he said, "Why this is important is because, platfor-ms enable people to mo-ve from the informal economy to formal economy by giving them acc-ess to market, credit and social security.”

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