Economic Survey 2025-26 Highlights Job Growth Potential While Addressing Inequality Issues Among Gig Workers

A recent survey indicates that approximately 40% of gig workers in India earn less than ₹15,000 per month. This income level raises concerns regarding their financial stability and access to credit. Many of these workers are categorized as having thin-file credit profiles, which means they have limited credit history or insufficient credit data to assess their creditworthiness.

This situation poses challenges for gig workers seeking loans or financial assistance, as traditional lending institutions often rely on comprehensive credit histories to evaluate potential borrowers. The reliance on gig work, which includes jobs such as ridesharing, food delivery, and freelance services, has increased in recent years, yet financial services tailored to meet the needs of this workforce are still developing.

Experts suggest that creating more inclusive financial products and services, alongside improved access to credit for marginalized income groups, could help alleviate some of the financial pressures faced by gig workers. Additionally, regulatory changes could enable gig workers to better access traditional financial systems, enhancing their financial resilience and stability.