What is the Gig economy?
A labor market that doesn’t work on traditional nine-to-five office jobs. 
Their employment is 
1) Temporary, 
2) Short-term,
3) Freelance jobs

Ex: Ola/Uber drivers, Electricians, Plumbers, etc,..

Why are investors looking into this economy?
– 56% of new employment in India
– 2.35 Crores Gig Population by 2030

Why Banks are not giving loans to them?
– A gig worker doesn’t have a stable income 
– Since the ticket size is low, the Bank’s unit economics won’t work

It’s a space in which NBFCs/Fintechs can operate effectively.

#gigeconomy #manispeaksmoney

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