Rapporteur Report | Building Inclusive Economies: Gender, Financial Inclusion, and the Platform Workforce

NCAER, in collaboration with the International Labour Organization (ILO), organised a one-day roundtable titled Building Inclusive Economies: Gender, Financial Inclusion, and the Platform Workforce on 08 December 2025 at the NCAER campus in New Delhi.

The event brought together a diverse group of stakeholders, including senior government and RBI officials, representatives of the ILO and its social partners, NCAER researchers, and platform aggregators. Discussions focused on the linkages between gender, financial inclusion, and social protection in the platform economy, with the aim of moving beyond broad frameworks to identify specific, actionable gender-responsive policy recommendations at the intersection of labour regulation, fintech-led innovation, and social protection.

India’s reading class is shrinking

When work is exhaustive, commutes are long, and phones are an easy distraction, leisure reading becomes a luxury.

India has long nurtured the image of a “reading society”, a civilisation rooted in the written word. We celebrate the chaos of book fairs, obsess over the rigours of curriculum reform, and fret incessantly over the learning outcomes of our youth. Yet, beneath this performative commitment to education, a fundamental pillar of our intellectual life is quietly crumbling – the habit of reading for pleasure.

Recent data from the Time Use Survey (TUS) suggests that leisure reading in India is not going through a change in taste, but rather a crisis of time. Between 2019 and 2024, the percentage of Indians who reported reading for leisure dropped from 5.4 per cent to a mere 4 per cent. While this decline may seem statistically subtle, it represents millions withdrawing from the world of reading leisure books entirely. This is not a passing phase; it is a structural shift that cuts across age, gender, and geography.

The data present a startling contradiction and paradox. Among the shrinking tribe of those who still read, the intensity of the habit has not faded; in fact, women (69.1 minutes a day), children (77.1 minutes), and adolescents (74.5 minutes) are reading for longer durations than they did five years ago. The crisis, therefore, is not that current readers are becoming distracted or they care less. It is that fewer people are managing to remain readers at all.

The erosion is most visible among those in the prime of their lives, i.e., adults between their twenties and fifties. They are spending less time in leisure while grappling with the triple burden of modern Indian life – gruelling work hours, unstable employment, and the soul-crushing toll of urban commuting. For these individuals, leisure reading is no longer a restorative block of time; it is a series of fragments. It is also a worrying sign that the elderly, traditionally the strongest readers, are seeing less participation and less time dedicated to leisure reading between 2019 and 2024.

When leisure fragments, reading, which requires a sustained cognitive deep dive, is the first casualty. It is perhaps being replaced by passive screen consumption, a medium that fits into the exhausted gaps of a workday.

The gender dimension of this decline is particularly revealing. While women spend more time reading (about 69 minutes) than men (57 minutes) when they do find the opportunity, far fewer women now report reading at all (a decline to 2.2 per cent in 2024 from 3.5 per cent in 2019). As unpaid domestic labour and care responsibilities expand, women’s leisure reading becomes increasingly fragile and conditional. In today’s India, reading survives only among those who can afford uninterrupted personal time, a luxury that remains unequally distributed.

Rural and urban trends tell a story of paradox. While urban residents’ participation is more than their rural counterparts, participation has declined in both settings, albeit the fact that rural residents have been averaging about 62 minutes, urban residents’ time spent has declined to 59.5 per cent. This suggests that rising work intensity, longer commutes, and digital saturation are shaping daily life in cities.

A public policy of rest

Treating this decline as a mere cultural shift or a failure of moral character misses the point. Reading for pleasure is a critical indicator of cognitive well-being and democratic health. A society that stops reading tends to drift towards fragmented information and polarised, shallow engagement. When the book disappears, the public sphere becomes poorer. If we are serious about building a knowledge economy, we must look beyond school enrolments and digital connectivity.

We must address the structural forces that shrink our leisure reading time. Policies must account for work intensity and the right to disconnect. Multi-hour commutes should not be treated as an invisible part of the day. Libraries and community spaces are vital, but they are useless if the citizenry is too exhausted to use them.

India’s reading crisis is not a failure of character, but a failure of structure. We are not a nation losing its curiosity; we are a nation losing its time.

A far greater challenge to leisure reading also comes from the colonisation by short-form video through platforms like Instagram Reels and YouTube Shorts, which are engineered
to provide dopamine hits in seconds-long intervals. The smartphone has evolved from a tool into an appendage. Because our phones are now our wallets, maps, and offices, they are always in
our hands, thereby ensuring that the default choice for a bored mind is a scroll, not a book. Reading competes poorly with platforms designed to exploit fatigue, boredom, and emotional vulnerability.

(Palash is Fellow at the National Council of Applied Economic Research [NCAER], New Delhi; Wankhar is a retired Government of India officer). View are personal.

NCAER News: January 2026

NCAER News is a monthly digest where you can learn about NCAER’s research outputs, its latest events, and offerings.

External Engagements for IEPF Chair Professor

  • Invited as the Guest Speaker at the Investor Education and Protection Seminar organized by Department of Economics, Jadavpur University, Kolkata on the theme “Digital Financial Literacy and Data Protection” on February 16th, 2026.
  • Moderator and Speaker at the IEPFA- NCAER Investor Education and Protection Workshop organized in collaboration with Jaipuria Institute of Management, Jaipur on the theme “Gen Z Investors in a Tech-driven World: Literacy, Protection and Pathways to Universal Financial Inclusion” on December 8th, 2025.
  • Moderator and Speaker at the IEPFA-NCAER Annual Conference 2025-26 on Investor Education and Protection in collaboration with Christ (Deemed to be University), Yeshwanthpur, Bangalore on the theme “Investor Education Strategies for Viksit Bharat: Challenges and Way Ahead in the Digitalized Era” on November 17th, 2025.
  • Moderator and Speaker at the IEPFA-NCAER Investor Education and Protection Workshop for Rural Self-Help Group Women in collaboration with SEBI, AMFI and HSRLM on the theme “Viksit Bharat Ke Path Par Saksham Nari” at Sangoha Village, Karnal, Haryana on November 8th, 2025.
  • Moderator and Speaker at the IEPFA-NCAER Investor Education and Protection Workshop, organized in collaboration with the School of Economics, University of Hyderabad, on the theme “Sustainable Financial Education: Building Informed Investors and Harnessing Youth Power for Viksit Bharat” at the Savitribai Phule DST Auditorium, University of Hyderabad, on October 27th, 2025.
  • Invited as the Keynote Speaker at the Regional Investor Awareness Seminar by NSE India Ltd and SEBI at the Delhi Police Academy, Jharoda Kalan, to celebrate World Investor Week on 8th October 2025.
  • Invited for a live panel discussion at Doordarshan on “Educating and Protecting Investors in the Digital Era”, to celebrate the World Investor Week, on 7th October 2025.
  • Moderator and Speaker at the IEPFA-NCAER Investor Education and Protection Workshop organised in collaboration with FORE School of Management, Gurugram on the topic “Digital Financial Literacy: The Panacea for Sustaining Financial Sector Resilience in the Journey to Viksit Bharat” at FSM Auditorium, Gurugram on September 18th, 2025.
  • Moderator and Speaker at the Roundtable Conference organized on the 9th Foundation Day of IEPFA in collaboration with IEPFA-NCAER and ICSI on the theme “Claiming the Unclaimed: Unlocking the Potential of Ideal Financial Assets in India” at India International Centre, New Delhi on September 8th, 2025.
  • Investor Education and Protection Seminar was organized in collaboration with Christ (Deemed to be University), Yeshwanthpur, Department of Commerce, on the theme “Advancing Financial Awareness and Integrated Vision for India’s Development” at Christ (Deemed to be University), Yeshwanthpur, Bangalore, on 2nd September 2025.
  • Invited as the Keynote Speaker of the Plenary Session of the International Conference on Behavioural Economics (ICBE) 2025 on the title “Nuances of Investor Decision-making Behavior in the Digital Era” at Christ (Deemed to be University), Yeshwanthpur, Bangalore, on September 2nd, 2025.
  • Invited to Chair a session at the International Conference on Behavioral Economics (ICBE) 2025, focusing on the themes of: “Behavioral Foundations and Emerging Frontiers, Sustainable behavior: Environment, Energy, and Climate change, Innovation, Technology and Future” at Christ (Deemed to be University), Yeshwanthpur, Bangalore on September 2nd, 2025.
  • Invited for a Guest Lecture to the senior banking officials on the theme “Banking Leaders of Tomorrow: Driving Decisions in the Boardroom” at MDI Gurgaon on August 22nd 2025.
  • IEPF Chair Professor C S Mohapatra moderated a roundtable on “Viksit Bharat: Decoding the Data Dilemma — Sovereignty, Strategy & Security in the AI Age”, which was organized by CKS India (Centre for Knowledge Sovereignty) on 12th of August 2025.
  • A Seminar on “Promoting Youth through digital Financial Literacy” was organized on 30th July 2025 at Utkal University, Odisha.
  • Moderator and Speaker at the IEPFA – NCAER Investor Education and Protection Workshop in collaboration with Office of Chief Skill Development Centre, ONGC on “Understanding Nuances of Financial Markets and Ensuring Investor Protection in the Digitalized World” at the ONGC Agartala on June 16, 2025.
  • Addressed a Special Interactive Session on the theme “From Financial Inclusion to Maximizing Financial Well-being: Covering the Distance for a Viksit Bharat” for ONGC Officers at ONGC, Agartala on June 16, 2025.
  • Guest Speaker on a Live Panel discussion on Doordarshan’s “Paisa Bolta Hain” show on the theme ” Role of Investor Education in Protecting from Scams and Frauds” on 9th June 2025.
  • Addressed a Faculty Interactive Session on “Empowering Educators: The Role of Financial Literacy and Investor Protection in Shaping the Future of Citizens” at Sapphire International School, on 26th May 2025.
  • Guest Speaker at a roundtable conference on “The Future of Data Protection & Policy Making in India” by Centre for Knowledge Sovereignty on 19th May 2025.
  • Guest Speaker for a panel discussion on “Criticality of Female Financial Literacy for Viksit Bharat” in a Doordarshan program titled “Paisa Bolta Hain” live telecast on 7th April, 2025.
  • Chief Guest at Jawaharlal Nehru University, New Delhi, for an Annual Cultural Occasion, where he delivered a special address on financial literacy on Odisha Day, 1st April 2025.
  • Invited as a Judge of Equilibrium 3.0, an Inter-college Economics Fest by Ashoka University on 30th March 2025.
  • Moderator and Speaker at the IEPFA – NCAER Investor Education and Protection Workshop in collaboration with S S College of Business Studies, University of Delhi on “Her Freedom, Her Future: Financial & Digital Literacy for Women’s Economic Empowerment and a Prosperous Viksit Bharat” at Rohini on 7th March 2025.
  • Guest Speaker at ICSSR National Conference on “Financial Inclusion, a Potential Game Changer for Vision Viksit Bharat” at Jadavpur University, Kolkata on January 16th, 2025.
  • Guest Speaker for a panel discussion on “Criticality of managing Personal Finance” in a Doordarshan program titled “Paisa Bolta Hain” on January 12th, 2025.
  • Guest Speaker for a panel discussion on “Cryptocurrency:  Challenges in India” in a Doordarshan program titled “Paisa Bolta Hain” on December 08th, 2024.
  • Addressed a faculty interactive session on “Sustained Financial Education Strategy: An integrated and modern approach to financial empowerment” at the National Institute of Securities Markets (NISM), Mumbai on 13th November, 2024.
  • Delivered a special guest lecture on “Financial Empowerment: The journey from Financial Education to maximizing Financial Well-being” at the National Institute of Securities Markets (NISM), Mumbai on 13th November, 2024.
  • Addressed CDSL Officers on “Role of Financial Inclusivity in promoting Financial Stability” at CDSL, Mumbai on 12th November, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Workshop on “Digitalisation of Financial Education: A Modern Approach for Investor Protection and Capital Market Development” in collaboration with BSE, Mumbai on 11th November, 2024.
  • Attended the 8th Annual IBBI Foundation Day on October 1st, 2024.
  • Guest Speaker at PFRDA on the occasion of NPS Diwas Conference on the Theme “Securing Retirement: Transforming India’s Pension Landscape_ Reimagining Pensions in Digital Era” on October 1st, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Workshop on “Widening Financial Inclusivity: Role of Investor Education and Protection in the Modern Era” in collaboration with Jagan Nath University, Jaipur, Rajasthan on September 11, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Annual Conference, on the 8th Foundation Day of IEPFA, on the theme “Role of Financial Education in Promoting Investor Awareness & Protection” followed by IEPFA sponsored Annual Half Marathon for Spreading Financial Literacy and Investor Awareness, organized in collaboration with P. P. Educational Society (PPES), Anupshahr, Uttar-Pradesh (U.P) on September 7-8, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Workshop at the Celebration of 8th Foundation Day of IEPFA in collaboration with NCAER & ICSI on the theme: “Empowering Investors: Financial Literacy as the key to Combat Fraud and Digital Scams” at SCOPE Convention Centre Auditorium, Lodhi Road, New Delhi on September 6, 2024
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Workshop on “The Journey from Financial Inclusion to Financial Empowerment: Ensuring Investor Protection to Maximize Financial well-being” in collaboration with Christ University, Delhi-NCR, on August 21st, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Workshop  on “Boosting Financial Skills of Young Managers: Role of Financial Education as a Safety Network for Investor Protection”in collaboration with Jagan Institute of Management Studies (JIMS), Rohini on July 31, 2024.
  • Addressed a faculty interactive session on “Critical role of Financial Literacy and Investor Protection in driving Financial Stability in the Digitalised World” as Guest of Honour at P P Educational Society, Anupshahr, Uttar Pradesh on July 20, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investors Education and Protection Workshop for school girls on “Promoting Financial Literacy and Investor Education for Effective Protection” in collaboration with P P Educational Society, Anupshahr, Uttar Pradesh on July 19, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investors Education and Protection Workshop on “Empowering Investors: Financial Literacy and Inclusivity in the Digitalized World” in collaboration with School of Management of Financial Institution (SoMFI)at MDI Gurgaon, on July 13, 2024.
  • Guest of Honour at the Regional Investor Awareness Program by NSE India, Delhi, on June 27, 2024.
  • Addressed a faculty interactive session on “Modernisation and Sustainability of financial literacy efforts: The need of Hour” at Christ University, Ghaziabad on May 20, 2024.
  • Addressed a faculty Interactive Session at ITS Ghaziabad on the title “Broad-basing Financial Literacy: A Catalyst for promoting Financial Stability” on April 30, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investors Education and Protection Workshop for Youth organized in collaboration with I.T.S Ghaziabad on “Modernizing Financial Education and Sustaining Investor Confidence through Investor Protection Framework” at I.T.S Ghaziabad, on April 30, 2024.
  • Speaker and Moderator at the IEPFA – NCAER Annual Conference for Youth on “Investor Education and Protection Strategies in India: Challenges of Modern Times” organized in collaboration with Department of Commerce, University of Delhi at Conference Centre, North Campus, Delhi University on March 19, 2024.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection workshop organized in collaboration with IMI, New Delhi on “Promoting Women Financial Literacy for Viksit Bharat through an Effective Investor Education and Protection regime in the Digitalized Era” at IMI Delhi on March 7, 2024.
  • Guest of Honour at the 9th Annual Commerce Conference by Department of Commerce, Delhi School of Economics, University of Delhi on the theme “Viksit Bharat in Amrit Kaal” at Deen Dayal Upadhyaya College, Dwarka on 14th March 2024.
  • Guest speaker at Management Development Institute ( MDI), Gurgaon for bankers on “Emerging Economic Environments for Indian Banks and Regulatory Landscape and Evolving Business Environment for Indian Banks” on 12th February 2024.
  • Guest of Honour at the 6th Research Convention of the Institute of Technology & Science (ITS), on the theme, “Towards a Resilient Economy: Digitalization, Transformation and Green Innovation”, at ITS, Mohan Nagar, Ghaziabad, January 20, 2024.
  • Guest Speaker at Fin Conclave 7.0 at Management Development Institute, Gurgaon, January 20, 2024 on “Can Indian Financial Markets overtake big economies like US, UK, etc.?”
  • Speaker and Moderator at the IEPFA-NCAER Workshop for youth on ‘Investor Education and Protection Policy in India: Claiming the Unclaimed’, NCAER, New Delhi, December 12, 2023.
  • Addressed an interactive session on ‘National Strategy for Financial Education (NSFE): Where Are We Today’, with officials of the National Centre for Financial Education (NCFE), Mumbai, November 22, 2023.
  • Addressed an interactive session titled, ‘From Knowledge to Wealth: Bridging the Gap between Financial Literacy and Financial Well-being’, with the faculty of the National Institute of Securities Markets (NISM), Mumbai, November 21, 2023.
  • Delivered a special guest lecture on ‘Financial Stability Architecture in India and Its Role in Promoting Investor Awareness and Protection’ to students at the National Institute of Securities Markets (NISM), Mumbai, November 21, 2023.
  • Speaker and Moderator at the IEPFA-NCAER-NSE Conference on ‘Investor Protection in the Digitalised World: Role and Criticality of Financial Advisors’, November 20, 2023.
  • Guest Speaker at the 51st National Convention of Company Secretaries on the theme, ‘India @ G20- Empowering Sustainable Future through Governance and Technology’, at Varanasi, Uttar Pradesh, November 2 and 3, 2023 on ‘Digital Inclusion: A Catalyst for Corporate Innovation and Social Progress’. Also released a publication brought out by the Institute of Company Secretaries of India (ICSI), titled, “Limited Liability Partnership”, on the occasion.
  • Speaker and Moderator at the IEPFA-NCAER Investor Education and Protection Webinar, October 30, 2023 on ‘Role of Data Protection Act, 2023 in Protecting Investors in the Digital Era.’
  • Gave an introductory speech and was the moderator of the technical session at the 7th Foundation Day of the Investor Education and Protection Fund Authority (IEPFA), September 5, 2023 on “Understanding the Psychology of Scams: How to Avoid Fraudulent Schemes”.
  • Speaker and Moderator at the webinar on ‘Investor Protection Framework in India: Challenges and Road Ahead’ by NCAER and the Investor Education and Protection Fund Authority (IEPFA), August 17, 2023.

India Human Development Survey: January 2026

The IHDS Forum is a monthly update of socio-economic developments in India by the IHDS research community, based on the India Human Development Survey, jointly conducted by NCAER and the University of Maryland. While two earlier rounds of the survey were completed in 2004-05 and 2011-12, respectively. Fieldwork for the third round was undertaken in 2022-24 and the data is currently being cleaned and processed.

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