Uber Drivers in India Outearn Some Bankers. But for How Long?
- Drivers say incentive payments have declined this year
- India is Uber's largest market outside the U.S. geographically
Uber driver in Delhi.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
Sujas Kumar Singh, a 22-year-old school dropout who drives taxis in India’s capital, sees growing concern about falling earnings from Uber Technologies Inc.’s service in New Delhi.
Singh said Uber’s incentive payments -- a sum paid on top of each trip’s fare to woo drivers -- have dipped to as low as 125 rupees ($1.90) since May. That’s making it harder for some people to meet loan installments on vehicles purchased to work for the ride-hailing app. Uber spokesman Karun Arya said incentive payments are down across Indian cities.