60% Gig Workers Lack Credit Access as Per American Journal--India Responds
Feb 20, 2026
New Delhi [India], February 20: Gig work is increasing--think ride-share drivers, freelancers, and delivery folks powering the Indian economy. But a paper in the American Journal of Humanities and Social Sciences Research paints a tough picture: 60% of gig workers struggle to get formal credit, and 75% across three countries, including India, lack a traditional credit score. Old-school systems, built for steady salaries and long job histories, leave these workers out in the cold, even with reliable but irregular earnings. A World Bank report echoes this, noting gig folks need loans for bikes or business boosts but get sidelined by income volatility.