As the nation awaits the Union Budget 2026, industry stakeholders are voicing strong expectations for transformative policies aimed at the gig economy. Among them, DriveU CEO Rahm Shastry has emphasized the urgent need to prioritize the welfare and social security of gig workers, highlighting this year's Budget as a potential turning point for India's rapidly growing flexible workforce.
Budget 2026: A Pivotal Moment for Gig Workers
Industry experts and business leaders believe that the upcoming Union Budget 2026 could play a decisive role in establishing a more secure and equitable framework for the country's gig workforce. With millions engaged in platform-based work across sectors like delivery, transportation, and freelance services, there is a growing consensus that government intervention is essential to address gaps in social protection.
DriveU CEO Rahm Shastry's Call to Action
Rahm Shastry, the CEO of DriveU, has been vocal about the necessity of incorporating gig worker welfare into the Budget's agenda. He argues that focusing on social security measures—such as insurance, healthcare benefits, and retirement plans—is not just a moral imperative but also crucial for sustaining the gig economy's growth. Shastry's remarks reflect a broader industry sentiment that recognizes the vulnerabilities faced by gig workers, who often lack traditional employment safeguards.
Industry Stakeholders Weigh In
Beyond DriveU, various industry stakeholders are advocating for Budget 2026 to introduce policies that enhance the well-being of gig workers. Expectations include potential tax incentives for companies that provide social security benefits, streamlined regulations for gig platforms, and initiatives to improve skill development and financial literacy among workers. These measures are seen as vital for fostering a more inclusive economic environment.
Why This Budget Matters
The Union Budget 2026 is anticipated to be particularly significant due to the expanding scale of India's gig economy. As more individuals turn to gig work for livelihood, the lack of formal social security nets has become a pressing concern. Stakeholders argue that proactive government policies in this Budget could set a precedent for future reforms, ensuring that gig workers are not left behind in the country's economic progress.
In summary, the call from DriveU CEO Rahm Shastry and other industry leaders underscores a critical expectation for Union Budget 2026: to prioritize the welfare and social security of gig workers. By doing so, the government can help shape a more resilient and fair framework for one of India's most dynamic labor segments.
