Determinants of GIG Business Prospects for Achieving Financial Resilience: High Order SEM Analysis


  • Dr. Shahid Hussain Qureshi Assistant Professor, Department of Economics, Faculty of Social Sciences & Humanities, Janardan Rai Nagar Rajasthan Vidyapeeth (Deemed-to-be University), Udaipur



GIG Economy, Financial Resilience, Entrepreneurs, Determinants, Technological Factors, Regulatory Environment, Social Support Networks


The determinants of GIG business prospects for achieving financial resilience among 280 entrepreneurs in Rajasthan were investigated using convenient sampling. Through our analysis, we operationalized financial resilience using indicators such as income stability, savings accumulation, ability to withstand financial shocks, and overall economic well-being. Our findings underscore the critical role of independent variables in shaping GIG workers' financial resilience. Access to Resources emerged as a significant determinant, highlighting the importance of capital, tools, networks, and training opportunities in enhancing GIG business prospects and financial resilience. Additionally, Technological Factors played a crucial role, with the utilization of technology platforms, tools, and digital skills impacting GIG's business efficiency, reach, and competitiveness. Moreover, the Regulatory Environment significantly influenced GIG workers' financial resilience, emphasizing the implications of labor laws, tax policies, and regulatory frameworks governing GIG platforms. Furthermore, Social Support Networks emerged as a vital factor, with the availability of familial, peer, or professional support networks contributing to GIG workers' financial, emotional, and informational well-being.


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Author Biography

Dr. Shahid Hussain Qureshi, Assistant Professor, Department of Economics, Faculty of Social Sciences & Humanities, Janardan Rai Nagar Rajasthan Vidyapeeth (Deemed-to-be University), Udaipur

Dr. Shahid Hussain Qureshi, M.A. (Economics), B.Ed., MA (Education) & Ph.D. in Economics with a Specialization in Agriculture Economics with 17 years of teaching experience is at present serving as an Assistant Professor at the Department of Economics, Faculty of Social Science and Humanities, Janardan Rai Nagar Rajasthan Vidyapeeth (Deemed to be University) Udaipur (Raj.). He has published two books. He has published over 20 articles in reputed journals and attended more than 40 Conferences, seminars, and workshops.


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How to Cite

Qureshi, S. H. “Determinants of GIG Business Prospects for Achieving Financial Resilience: High Order SEM Analysis”. International Journal of Management and Development Studies, vol. 13, no. 4, Apr. 2024, pp. 11-22, doi:10.53983/ijmds.v13n4.002.