Please enable JavaScript.

Coggle requires JavaScript to display documents.

Gig Economy - Coggle Diagram

- - - - Unpaid EMIs
        
        Moratorium on the principal amount
        of EMI doesn’t waive off the interest
        component but keeps on piling as
        “compound interest”over the period
        it remains unpaid
      - Rations
      - Migrant workers
    - - Survey 2 & 3 Key Findings
        
        Loans - PSBs largest lenders - 51 % loans from 19 PSBs; SBI 23 % ; Pvt players 13 % loans; Mahindra Finance is biggest
        
        Avg Monthly EMI 10 -20 K; 25K for SUV
        
        Avg income - Week commencing 15 Apr Rs. 2500; 57 % earned between 0 and 2250
        
        30% worked between 40-50 hrs/week prior to lockdown
      - Survey I
        
        Sample size - 2128 correspondents;6 cities; Bangalore, Chennai, Delhi, Jaipur, Lucknow,Hyderabad
        
        Yong adults 20 - 40 yrs
        
        Various issues - 60.7 % Backache
        
        95.3 % no kind of insurance; accident,health or medical
      - Ola 56 % Uber 40 %
        
        India 3rd largest market
        
        Ola 125 cities 10 lakh vehicles; Uber 36 cities; 4.75 lakh vehicles
        
        Earnings dwindled from 70 K- 1L to 20-25K in the last 4 years