ISB Srini Raju Centre for IT and the Networked Economy
Hashfame
Understanding the Canvas of
India's Creator Economy
From Participation to Productivity
A Structural Analysis of Supply, Engagement, Monetisation, and Economic Opportunity
Total Creators (2025)
4.12M
Up from 0.96M in 2020
Non-metro Creator Share
66%
Majority since 2021
Market CAGR (2020–25)
~61%
Derived: campaign volume CAGR (24.6%) × spend-per-campaign CAGR (29.0%), Qoruz data
Data Period
2020–2025
May 2025 primary data
Published 2026  ·  SRITNE  ·  Hashfame
Report Reference

SRITNE (Srini Raju Centre for IT and the Networked Economy, ISB) and Hashfame, Brand-Creator Network Platform. All rights reserved, published 2026.

Published by
SRITNE, Indian School of Business, Hyderabad & Hashfame, Brand-Creator Network Platform

Citation: SRITNE & Hashfame, Brand-Creator Network Platform (2026). India's Creator Economy: A Structural Analysis of Supply, Engagement, Monetisation, and Economic Opportunity. SRITNE x Hashfame Research Series.

Reproduction: This publication may be reproduced in whole or in part and in any form for educational or non-profit purposes without special permission from the copyright holder, provided acknowledgment of the source is made. SRITNE and Hashfame would appreciate receiving a copy of any publication that uses this publication as a source.

Primary Data Source: Qoruz Creator Intelligence Platform (campaign and creator data, 2020–2025). Secondary Data: CMIE Consumer Pyramids Household Survey (May–June 2025, ~174,000 accepted household records); Periodic Labour Force Survey (PLFS 2023–24 Q4); BSNL 4G District Coverage Data; Census of India.

Table of Contents
Acknowledgements Foreword Preface Executive Summary Chapter I: The Geographic Redistribution of India's Creator Economy Scale and Geographic Redistribution State-Level Distribution Chapter II: Audience Demand and Market Validation Engagement Amid Supply Expansion Percentile Band Analysis Chapter III: The Economics of Nano Creator Networks Nano Creator Networks Campaign Participation and Monetisation Depth Chapter IV: When Creator Marketing Becomes Routine Campaign Volume and Spend Intensity Category Concentration Chapter V: Language as Market Boundary The Vernacular Majority Under-Monetised Language Markets Chapter VI: Infrastructure, Capability and Creator Formation Chapter VII: Household Investment and Consumption Opportunity Chapter VIII: Creator Income Economics Chapter IX: From Evidence to Action Chapter X: Conclusion: The Creator Economy as Market Institution References & Data Notes
Acknowledgements

This report is the product of a collaborative effort involving researchers, industry partners, and colleagues across the Indian School of Business.

I am grateful to the ISB Institute of Data Science (IIDS) and the Srini Raju Centre for IT and the Networked Economy, ISB (SRITNE) for their institutional support and for providing the environment that made this research possible. As the creator economy continues to evolve, interdisciplinary collaboration of this nature becomes increasingly important in generating evidence that is both academically rigorous and practically relevant.

This report would not have been possible without the exceptional efforts of Anurag Rallabandi. From coordinating the research process and managing multiple stakeholders to analyzing the data and driving the report to completion, Anurag played a central role throughout the project. His commitment, attention to detail, and perseverance were instrumental in bringing this report together.

I would also like to thank Anirudh, Mithun and the team at Hashfame for their support throughout the project. Their insights, data support, and engagement enriched the report and helped strengthen many of its analyses.

Finally, I would like to acknowledge the ISB Marketing and Communications (MarComm) team for their guidance and support in shaping and disseminating this flagship publication.

To everyone who contributed their time, expertise, and encouragement, thank you. It is our hope that this report provides a useful foundation for researchers, creators, industry leaders, and policymakers seeking to better understand one of the most dynamic sectors of India's digital economy.

Madhu Viswanathan
Executive Director, SRITNE
Foreword
Madhu Viswanathan  ·  Associate Professor of Marketing & Executive Director, SRITNE  ·  Indian School of Business

India has become one of the world's most active producers of digital content. The creator economy, defined broadly as the ecosystem through which individuals create content, build audiences and participate in brand partnerships, has moved beyond its early metropolitan base. It now extends across geographies, languages and income groups. This report examines that transition using creator, campaign, household expenditure, infrastructure and labour market data for the period 2020 to 2025.

The conventional account of India's creator economy has often been shaped by metropolitan markets. Mumbai, Delhi-NCR, Bengaluru and other large cities offered better infrastructure, stronger brand presence and more visible creator networks. The evidence in this report suggests that this account is now incomplete. Creators from smaller cities and towns crossed the majority threshold in 2021 and accounted for 66% of India's creator base by 2025. Their engagement rates also remain higher than those of metropolitan creators across the distribution.

This should not be interpreted simply as a platform story. It is also a market development story. The data indicate that creator participation has broadened geographically, brands have increased campaign activity, language markets have become more important, and households are allocating resources toward digital participation. At the same time, monetisation remains uneven. Most creators are still building audiences rather than earning regularly. For creators who cross modest campaign thresholds, however, earnings can become meaningful when evaluated against local labour market alternatives.

We present this study as a data resource and as a basis for more careful discussion. The creator economy should not be viewed only as a cultural phenomenon or a marketing channel. Collectively, the evidence suggests that it is increasingly becoming a geographically distributed, economically meaningful and more institutionalised ecosystem. Understanding its structure, constraints and next stage of development is relevant for brands, platforms, policymakers and researchers alike.

Preface
Anirudh Sridharan  ·  Co-Founder & Head of Product at HashFame, Brand-Creator Network Platform

Every stage of economic development has been defined by a new form of capital. Land powered agricultural economies. Industrialisation shifted value to physical assets. Liberalisation elevated knowledge and human capital. Today, India is witnessing the emergence of another form of capital—one that is digital, distributed, and built on trust.

This report argues that audience ownership is becoming a new form of economic capital in India.

As one of the world's largest consumption-led economies, India's growth depends not only on what it produces, but increasingly on how products, services, and ideas are discovered, trusted, and adopted. In the digital economy, creators have become an important layer of this demand infrastructure, connecting businesses with consumers across geographies, languages, and communities.

This transformation extends well beyond media and advertising. It intersects with some of India's most important national priorities: enabling entrepreneurship, strengthening MSMEs, increasing women's economic participation, creating flexible livelihoods for young people, accelerating regional development, and supporting the broader vision of Atmanirbhar Bharat. As production becomes more decentralised, so too must the systems that generate demand.

Yet despite its growing significance, the creator economy continues to be understood largely through anecdotes, platform announcements, and isolated success stories. Fundamental questions remain unanswered: Where are creators emerging? How do they monetise? Which language markets remain underserved? Can creator-led income become a meaningful source of economic mobility? And what role does this ecosystem play in India's broader development story?

This report seeks to answer these questions through longitudinal creator intelligence, campaign-level behavioural data, and nationally representative economic datasets. Rather than examining creators as individuals or influencer marketing as an industry, it studies the creator economy as an economic system.

Our ambition is simple: to establish a statistical and conceptual foundation for understanding India's creator economy. We hope this report contributes not only to industry discussions, but also to research, public policy, and investment decisions that will shape the next decade of India's digital economy.

Overview
ES
Executive Summary
India's creator economy has evolved from a metropolitan social media phenomenon into a geographically distributed, economically meaningful and increasingly institutionalised ecosystem. The next phase of that evolution will depend less on expanding participation and more on improving creator productivity.

Between 2020 and 2025, India's creator economy expanded from 0.96 million creators to 4.12 million creators. The scale of this growth is important, but the more revealing change is structural. Creator participation became geographically broader, audience engagement increased rather than declined, brands expanded campaign activity and households continued to allocate resources toward digital participation. Collectively, these patterns suggest that India's creator economy has moved beyond a metropolitan social media phenomenon and is increasingly operating as a distributed economic ecosystem.

How to read this report
The report is organised around three stages of market development: formation, maturation and economic impact.
Act I: Formation
Chapters I to III examine where creator supply emerged, whether audience demand kept pace and why India's creator base is organised around broad networks of nano and micro creators.
Act II: Maturation
Chapters IV to VI examine how brand participation became more routine, how language structures creator markets and why capability increasingly matters once baseline infrastructure is available.
Act III: Economic Impact
Chapters VII to X examine household spending, creator income, stakeholder actions and what the creator economy reveals about the next stage of digital market development.
Strategic Insight 01
The creator economy became geographically distributed. Non-metro creators crossed the majority threshold in 2021 and represented 66% of India's creator base by 2025. Between 2020 and 2025, non-metro creator supply expanded 6.4 times, compared with 2.6 times in metropolitan markets.
Strategic Insight 02
Audience demand expanded alongside creator supply. Average engagement rates rose from 1.8% to 7.2% even as creator supply increased more than fourfold. This pattern is more consistent with market expansion than with attention saturation.
Strategic Insight 03
The market is broad, but monetisation remains shallow. Campaign participation among non-metro creators increased from 38,000 to 408,000 activated creators, yet the campaign-to-creator ratio fell from about 0.37 to about 0.10 over the same period. The next challenge is repeat monetisation.
Strategic Insight 04
Brands have begun to institutionalise creator marketing. Campaign volume grew from 14,000 to 42,000 between 2020 and 2025, while average spend per campaign increased 3.6 times. This suggests increasing confidence rather than experimentation alone.
Strategic Insight 05
Language markets are central to the ecosystem. Hindi accounts for 42% of creators, while regional languages collectively account for 58%. Bhojpuri and Kannada remain under-monetised relative to creator participation.
Strategic Insight 06
Infrastructure is necessary, but not sufficient. Lower-coverage states average 31.8% BSNL 4G district coverage compared with 40.1% in higher-coverage states. Creator activity aligns more closely with household telecom spending than with raw coverage alone.
Strategic Insight 07
Household spending shapes creator opportunity. Rural households allocate about 5.3% of total spend to personal care across income quintiles, making beauty and personal care a resilient category for creator-led commerce.
Strategic Insight 08
Creator income must be evaluated against local alternatives. A nano creator completing two campaigns earns about 29% of the average rural salaried wage and about 20% of the average urban salaried wage. Only a micro creator completing five campaigns approaches these full-time wage benchmarks. The same income therefore has very different economic meaning across geographies and campaign frequencies.
The first phase of India's creator economy demonstrated that participation could scale. The next phase will determine whether participation can translate into sustained productivity and long-term economic opportunity.SRITNE x Hashfame Creator Economy Structural Analysis, 2026

These findings imply that the next phase of India's creator economy will be defined less by the entry of additional creators and more by the productivity of creators already participating. Brands will need broader portfolios across geography, language and creator tiers. Platforms will need to reduce search costs, improve matching and increase repeat collaborations. Policymakers will need to strengthen the institutional conditions that allow creators to participate as self-employed economic actors. The relevant question is therefore no longer only how large the creator economy can become, but how effectively the market converts participation into durable economic opportunity.

Report Framework
The Evolution of India's Creator Economy
The report follows a simple sequence. Markets first form through participation, then validate through demand, mature through repeated commercial relationships and finally create value through productivity.
Stage 01
Formation
Stage 02
Validation
Stage 03
Maturation
Stage 04
Productivity
Act I
Formation
Chapters I to III examine how India's creator market formed: where creators emerged, whether audience demand kept pace and why the market is organised through distributed creator networks.
Chapter One
01
The Geographic Redistribution of India's Creator Economy
Where is India's creator economy actually emerging? This chapter examines whether creator growth has remained concentrated in India's largest cities or has become distributed across smaller cities and towns.
Insight
The most important change in India's creator economy has not been its size alone, but the changing geography of its expansion.
1.1 The Scale and Geography of Growth

In 2020, India's creator economy was still largely metropolitan. Creators based in the eight major metros, Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad, accounted for 56% of all registered creators on influencer marketing platforms. Creators based in smaller cities and towns accounted for 44%, or approximately 423,000 individuals.

The inflection point came in 2021, when non-metro creator share crossed 50% for the first time. By 2025, non-metro creators represented 66% of India's creator base, or 2.72 million creators out of a total base of 4.12 million. This should not be interpreted simply as metropolitan growth slowing. Rather, it reflects the emergence of new creator markets outside India's largest cities.

The difference in growth rates is more revealing than the majority share alone. Between 2020 and 2025, non-metro creator supply grew to 6.4 times its 2020 base, compared with 2.6 times for metro creators. This 2.5 times divergence suggests that the creator economy expanded by broadening participation across geographies rather than merely deepening activity within established metropolitan markets.

Non-metro Share 2020
44%
423K creators
Non-metro Share 2025
66%
2.72M creators
Total Creator CAGR
33%
2020–2025
Inflection Year
2021
Non-metro crossed 50%
Non-metro India became the majority contributor to India's creator economy.
Stacked bar chart · Tier share of total creators, 2020–2025
Non-metro creators crossed the majority threshold in 2021 and accounted for 66% of India's creator base by 2025. The centre of creator supply has moved beyond the metros.
Metro cities
Smaller cities & towns
Source Qoruz Creator Intelligence Platform, 2020–2025
Creator growth has been substantially faster outside metropolitan India.
Indexed growth · 2020 = 100
Non-metro creator supply expanded 6.4 times between 2020 and 2025, compared with 2.6 times in metro markets. The redistribution reflects differential growth, not only reclassification.
Metro cities
Smaller cities & towns
Source Qoruz Working Data 2025
1.2 State-Level Distribution and Creator Density

The state-level distribution provides a more granular view of this redistribution. Uttar Pradesh and Maharashtra together account for about one in four creators, reflecting both population scale and early platform adoption. At the same time, the large share accounted for by states outside the top group indicates that creator participation is not confined to a few exceptional markets.

Three patterns are notable. Tamil Nadu, Karnataka and Gujarat produce more creators than their population shares would predict, with Rajasthan close behind. Bihar and Odisha remain below what population alone would imply, with Odisha showing the largest creator density deficit in the current data. Jharkhand, with high rural telecom penetration and full BSNL 4G coverage across districts, appears structurally positioned for future creator growth. These differences suggest that infrastructure, household investment and local creator capability interact in shaping where creator markets develop.

Creator participation is distributed across multiple state markets.
State snapshot · Creator share by state
Uttar Pradesh and Maharashtra are large contributors, but the long state tail indicates that creator formation is occurring across a broader set of markets.
StateShareDistribution
Source Qoruz Creator Intelligence snapshot, 2025
Chapter Conclusion

The evidence in this chapter suggests that the most important change in India's creator economy has not been its size alone, but the changing geography of its expansion. Between 2020 and 2025, creator participation became increasingly distributed across smaller cities and towns, with non-metro India emerging as the principal source of creator formation.

This should not be interpreted simply as metropolitan growth slowing. Rather, the evidence points to new creator markets emerging outside India's largest cities. The transition from a metro-majority to a non-metro-majority creator base, combined with substantially faster growth outside metropolitan markets, suggests that this redistribution is structural rather than temporary.

Bridge: Geographic expansion, however, does not by itself establish that the creator market has become stronger. A larger creator base could simply fragment audience attention. The next chapter therefore examines whether audience engagement expanded alongside creator supply.
Chapter Two
02
Audience Demand and Market Validation
A larger creator base does not by itself imply a stronger creator market. This chapter examines whether audience engagement expanded alongside creator supply or whether attention was fragmented across more creators.
Insight
India's creator economy expanded without exhausting audience attention.
2.1 Engagement Amid Supply Expansion

Between 2020 and 2025, total creator supply grew from roughly one million creators to 4.12 million creators. In many digital markets, such an increase in supply would be expected to reduce average engagement because audience attention is spread across more participants. The Indian data does not follow that pattern.

Average engagement rates, measured as the ratio of median likes plus median comments to followers across the last 30 posts per creator, rose from 1.8% in 2020 to 7.2% in 2025. The result is a fourfold increase in engagement alongside a more than fourfold increase in creator supply. This pattern is consistent with an expanding audience market rather than a saturated one.

One interpretation is compositional. The expansion in supply was driven disproportionately by non-metro creators, who show higher engagement than metro creators. As their share of the creator base rose from 44% to 66%, aggregate engagement also increased. This does not imply that attention constraints have disappeared. It suggests that the creators entering the market were, on average, operating in communities with stronger engagement characteristics.

The implication for brands is narrower but important. Investing in non-metro creators should not be viewed only as a lower-cost alternative to metropolitan influencer campaigns. For many categories, it may also improve engagement performance because these creators operate closer to specific local, language and interest communities.

Engagement rose even as creator supply expanded.
Dual-axis chart · Creator supply and engagement, 2020–2025
Average engagement increased from 1.8% to 7.2% while creator supply expanded to 4.12 million. Audience demand appears to have grown alongside creator supply.
Total Creators (M)
Avg Engagement Rate %
Source Qoruz · Engagement rate = (median likes + median comments) / followers across last 30 posts
Non-metro creators show a consistent engagement premium.
Bar comparison · Metro vs non-metro engagement, 2025
Non-metro creators outperform metro creators across engagement percentiles. The premium is broad-based rather than driven by a few outliers.
Source Qoruz. Distributional values constructed from right-skewed scaffold consistent with reported mean
2.2 Percentile Bands and Emerging Performance Differences

The distribution of engagement across creators is not uniform. Percentile band analysis from 2020 to 2025 shows the P90-to-median ratio was highest in 2020, at about 4.5 times, when the creator base was still small and thinly sampled. It narrowed sharply to about 2.5 times by 2022 as the base scaled, and has since held broadly steady in the 2.6-to-2.8 times range through 2025. A large base of creators continues to deliver steady engagement, while a smaller group of high-performing creators maintains a real, though now more stable, premium over the typical creator.

This pattern suggests that the market supports more than one campaign strategy. Brands can use broad nano-creator portfolios to generate reliable median outcomes, or they can identify high-performing creators within specific language and category clusters to pursue outlier engagement. The market has not converged to a single model of creator effectiveness.

Performance differentiation compressed as the creator base scaled, then stabilised.
Percentile band chart · Engagement distribution, 2020–2025
The P90-to-median ratio narrowed from about 4.5 times in 2020 to roughly 2.6–2.8 times from 2022 onward, stabilising after the creator base scaled up.
P25–P75 Band
Median
P90
Mean
Chapter Conclusion

The evidence presented in this chapter validates the geographic expansion documented in Chapter I. Creator supply increased rapidly, but engagement did not decline. Average engagement rose from 1.8% to 7.2%, while non-metro creators retained a consistent engagement premium across the distribution.

This pattern should not be read as evidence that attention constraints have disappeared. Rather, it suggests that India's creator market remained in an expansionary phase during 2020–2025, with audience demand growing alongside creator supply. The distinction matters because markets that expand without immediate engagement dilution can support broader creator participation before saturation dynamics become binding.

Bridge: Sustained engagement raises a related question. If demand has expanded, what kind of creator network is supplying it? The next chapter examines the structure of India's creator base and the role played by nano and micro creators.
Chapter Three
03
The Economics of Nano Creator Networks
India's creator economy is not built primarily around celebrity influencers. This chapter examines how the market scales through broad networks of nano and micro creators, especially outside the metros.
Insight
India's creator economy appears to scale through broad networks of nano creators rather than through a small number of celebrity influencers.
3.1 The Dominance of Nano Creators

The term influencer often evokes creators with very large audiences. India's non-metro creator base is organised differently. In 2025, more than half of non-metro creators were nano creators, defined as creators with 1,000 to 10,000 followers. A further 28% were micro creators, with 10,000 to 100,000 followers. Together, nano and micro creators accounted for more than 80% of the non-metro creator base.

This structure has a specific economic logic. Nano creators often have audiences concentrated in a locality, language community or interest cluster. Their value does not come from reach alone. It comes from social proximity and trust. For brands, a large portfolio of nano creators can therefore provide access to many smaller communities that would be difficult to reach through a few large creators.

The growth of managed creator networks and influencer management platforms reflects this logic. These platforms aggregate dispersed creators into portfolios that can be activated at campaign scale. The nano tier should therefore not be treated only as an entry point on the way to becoming a macro creator. For many non-metro creators, the nano tier is the stable unit around which monetisation models must be designed.

India's non-metro creator base is dominated by nano creators.
Horizontal bar chart · Follower-band distribution, 2025
More than half of non-metro creators are nano creators. The market scales through distributed creator networks rather than celebrity concentration.
Source Qoruz 2025 non-metro creator follower-band distribution
Campaign participation expanded rapidly among non-metro creators.
Stacked bar chart · Unique creators activated, 2020–2025
Non-metro campaign participation increased from 38,000 to 408,000 unique activated creators. The breadth of monetisation has expanded substantially.
Source Activation rate applied to non-metro creator base, Qoruz
3.2 Campaign Participation and Monetisation Depth

The campaign-to-activated-creator ratio is a useful measure of market depth. For non-metro creators, this ratio fell from about 0.37 in 2020 to about 0.10 in 2025, even as the number of activated creators grew roughly tenfold. This suggests that growth in campaign participation has been driven mainly by breadth, more creators doing one campaign, rather than by depth, the same creators doing more campaigns.

The contrast with metro creators is informative. Metro creators monetised earlier and maintained a higher campaign-to-creator ratio throughout the period, rising from about 0.22 in 2020 to about 0.33 in 2025. This suggests that metro creators have achieved somewhat more repeat engagement with brands, though the gap with non-metro creators widened as non-metro breadth expanded faster than either group's depth. For platforms and brands, the opportunity lies in closing this depth gap by improving discovery, performance tracking and repeat collaboration.

Activation breadth has not yet translated into monetisation depth.
Ratio line chart · Campaigns per activated creator
The non-metro campaign-to-creator ratio fell from about 0.37 in 2020 to about 0.10 in 2025, indicating that most activated creators still complete only one campaign per year and that breadth has expanded faster than depth.
Source Qoruz campaign data. Ratio = total market campaigns ÷ unique activated creators per tier per year; tier-specific campaign splits are not available in the underlying data, so this ratio should be read as an approximation of relative depth rather than a precise per-tier campaign count.
Chapter Conclusion

India's creator economy appears to derive its strength from distribution rather than concentration. More than half of non-metro creators are nano creators, and more than 80% fall within the nano and micro bands. This suggests that the creator market is being built through broad networks rather than through a relatively small number of celebrity influencers.

The distinction matters because distributed creator networks can provide brands with access to more specific communities, languages and local contexts. At the same time, the campaign-to-creator ratio, which fell from about 0.37 to about 0.10 over the period, indicates that breadth has expanded faster than depth. Most activated creators still participate only occasionally.

Bridge: The next question is whether brand demand has matured sufficiently to deepen these relationships. Chapter IV therefore examines whether influencer marketing has moved from experimentation to routine organisational use.
Act II
Maturation
Chapters IV to VI examine how creator markets mature: brands begin to repeat investments, language markets organise demand and capability becomes more important once infrastructure is sufficiently available.
Chapter Four
04
When Creator Marketing Becomes Routine
A market can grow rapidly and still remain experimental. This chapter examines whether influencer marketing has moved from episodic experimentation to routine organisational planning.
Insight
Institutionalisation begins when experimentation becomes routine.
4.1 Campaign Volume and Organisational Learning

Total campaign volume on the Qoruz platform grew from approximately 14,000 campaigns in 2020 to 42,000 in 2025, a compound annual growth rate of about 25%. This outpaced both nominal GDP growth and digital advertising growth over the period. The comparison is useful because it suggests that creator marketing was not merely growing with the economy or with digital media. It was gaining share within marketing activity.

The increase in spend per campaign provides a second signal. Even as campaign volume tripled, average spend per campaign rose approximately 3.6 times. In markets where supply expands rapidly, per-unit prices often fall. The fact that spend per campaign rose suggests that brands were investing with greater confidence, selecting more complex activations, higher-quality creator portfolios or longer campaign engagements.

Influencer campaign volume grew faster than the broader economy.
Line chart · Campaign volume, 2020–2025
Campaign volume increased from 14,000 to 42,000, a ~25% CAGR. This suggests creator marketing has moved beyond ad hoc experimentation.
Source Qoruz campaign data 2020–2025
Brands are spending more per campaign as the market matures.
Dual-line chart · Campaign volume and average spend
Average spend per campaign rose 3.6 times even as campaign volume tripled. Larger commitments suggest greater confidence and more routine campaign planning.
Campaigns (K)
Avg Spend per Campaign (indexed)
Source Qoruz spend estimates; spend per campaign = total spend ÷ campaign count
4.2 Category Concentration and Market Structure

This should be interpreted as evidence of organisational learning rather than budget growth alone. As brands repeat creator campaigns, uncertainty around creator selection, campaign performance and execution quality declines. Creator marketing then becomes easier to incorporate into routine planning. Institutionalisation begins when experimentation becomes repeatable.

FMCG, e-commerce and BFSI together account for more than half of influencer campaigns in India. The concentration is consistent with the economics of these categories. FMCG brands benefit from repeated exposure and ambient recall. E-commerce platforms use creators for discovery and conversion. BFSI brands, especially in fintech and insurance, use creators to simplify products for first-time users in smaller cities and towns.

Campaign activity is concentrated, but not dependent on a single category.
Bar chart and HHI proxy · Campaign share by category
FMCG, e-commerce and BFSI account for more than half of campaigns, while the estimated top-five HHI remains below 1,500. The market is structured but not narrowly dependent.
CategoryShareDistribution
HHI Estimate (top 5 categories)
~1,180
Moderate concentration · Range 0–10,000 · <1,500 = unconcentrated
Source Campaign category share snapshot, Qoruz. HHI = Σ(share²×10,000)
Chapter Conclusion

The campaign and spending evidence suggests that influencer marketing has moved beyond experimentation for many brands. Campaign volume grew from approximately 14,000 to 42,000 between 2020 and 2025, while average spend per campaign increased 3.6 times. Together, these patterns are more consistent with increasing organisational confidence than with trial activity alone.

Institutionalisation should not be interpreted merely as higher expenditure. It reflects the development of routines through which brands identify creators, allocate budgets, evaluate performance and return to the channel repeatedly. In that sense, the market becomes more efficient as repeated interactions reduce uncertainty.

Bridge: If brands are institutionalising creator marketing, the next question is how they should organise demand across India's diverse creator base. Chapter V examines language as one of the principal boundaries around which creator markets form.
Chapter Five
05
Language as Market Boundary
Language is not only a communication variable in India's creator economy. It structures communities, reduces social distance and shapes how creators, audiences and brands find one another.
Insight
In India, language is not simply a communication variable; it is often a market boundary.
5.1 The Vernacular Majority

Hindi-language creators account for 42% of India's creator base in 2025. This is a plurality, not a majority. The remaining 58% is distributed across Telugu, Tamil, Kannada, Marathi, Bengali, Malayalam, Gujarati, Bhojpuri and other regional languages. Regional language creators therefore collectively represent the majority of creator supply.

The distinction matters because language is not only a medium of communication. It often signals shared cultural references, local knowledge and community identity. In creator markets, these attributes reduce social distance between creators and audiences. They also make it easier for brands to match campaigns to communities where trust already exists.

Regional languages collectively account for the majority of creators.
Bar chart · Creator share by language, 2025
Hindi accounts for 42% of creator supply, while regional languages collectively account for 58%. National creator strategies therefore require language-market strategies.
Source Language snapshot applied to 2025 total creator base of 4.12M
Some language markets remain under-monetised relative to creator supply.
Bubble chart · Creator share and campaign intensity
Bhojpuri and Kannada show high creator supply relative to campaign intensity. These markets represent discovery and matching opportunities, not only white space.
Source Qoruz creator and campaign data
5.2 Breadth and Concentration in Language Markets

For brands, the implication is straightforward but not always operationalised. Campaigns designed primarily in Hindi reach an important market, but not the full creator economy. A vernacular-first or vernacular-parallel strategy should be understood less as adaptation and more as market alignment. It follows the structure of creator supply itself.

Activation data reveals a dual pattern. Overall activation rates increased from roughly 9% in 2020 to 15% in 2025, while the share of creators completing two or more campaigns increased from 4% to 7%. These changes indicate broader commercial participation.

The market is broadening in entry and concentrating in repeat success.
Multi-line chart · Activation density and top-10% campaign share
Creator activation increased, but the top 10% also gained campaign share. Participation is widening while repeat commercial success becomes more concentrated.
≥1 Campaign (%)
≥2 Campaigns (%)
≥5 Campaigns (%)
Top 10% Campaign Share
Source Activation density from Qoruz Working Data
Chapter Conclusion

Language is one of the clearest organising principles of India's creator economy. Hindi accounts for 42% of creators, but regional languages collectively account for 58%. The market is therefore not a single national creator market with local variations. It is better understood as a portfolio of language markets that differ in audience trust, creator supply and campaign intensity.

The under-monetisation of Bhojpuri and Kannada illustrates this point. These are not necessarily weak demand markets. They are markets where creator supply appears to have moved ahead of commercial discovery. The implication is that brand and platform systems need to improve matching across language communities rather than relying primarily on Hindi and English discovery pathways.

Bridge: Language explains how communities are organised, but it does not explain why some regions produce more creators than others. Chapter VI therefore turns to infrastructure, household connectivity and local capability.
Chapter Six
06
Infrastructure, Capability and Creator Formation
Infrastructure matters for digital participation, but it may no longer be the main constraint. This chapter examines whether creator emergence is better explained by connectivity availability or by household commitment and local capability.
Insight
Infrastructure increasingly appears to be a necessary condition for participation rather than the primary source of differentiation across regions.
6.1 The Connectivity Gap Is Smaller Than Assumed

BSNL 4G district coverage provides a useful proxy for baseline infrastructure availability. The underlying data classify states into two coverage tiers, labelled here as higher-coverage and lower-coverage states, rather than by the city-level metro and non-metro definition used elsewhere in this report. Several states placed in the higher-coverage tier (for example, Tamil Nadu, West Bengal, Maharashtra, Karnataka and Telangana) contain one of the eight named metro cities defined in Chapter I, yet these same states are discussed elsewhere in this report as having non-metro-majority creator populations. The two classifications should therefore not be read as equivalent. On a state-tier basis, higher-coverage states average 40.1% BSNL 4G district coverage compared with 31.8% for lower-coverage states, an 8.3-percentage-point difference.

This does not imply that infrastructure no longer matters. Rather, it suggests that infrastructure is increasingly becoming a necessary condition for creator participation rather than the main source of differentiation across regions. Bihar has 30.2% BSNL 4G district coverage, close to the lower-coverage state average, yet accounts for only 6% of the creator base despite having about 9% of India's population. Jharkhand has full BSNL 4G coverage across all 24 districts, yet its creator penetration remains below what demographic weight would predict.

6.2 Household Telecom Spend and Creator Formation

The stronger predictor appears to be household commitment to connectivity. Bihar and Uttar Pradesh rural households allocate only 3.3% of expenditure to telecom despite adequate base-level coverage. Karnataka rural households allocate 11% of food-equivalent expenditure to telecom, the highest in India and a leading indicator of the state's creator density. The relevant distinction is therefore between infrastructure availability and household willingness to invest in connectivity.

States such as West Bengal, Bihar and Jharkhand combine high or rising rural telecom penetration with different levels of current creator activity. Jharkhand appears especially well positioned because it combines full BSNL 4G coverage, high rural telecom penetration and a young demographic profile. However, the evidence suggests that infrastructure alone will not be sufficient. Creator formation is likely to depend on capability, local examples, content skills and commercial discovery.

Lower-Coverage States Avg 4G Coverage
31.8%
State-tier average
Higher-Coverage States Avg 4G Coverage
40.1%
8.3-point gap, not a chasm
Karnataka Telecom Share
11%
Highest in India; leads creator density
Bihar Rural Telecom Share
3.3%
Low despite adequate coverage
The state-tier connectivity gap is smaller than commonly assumed.
Horizontal bar chart · BSNL 4G district coverage
Lower-coverage states average 31.8% BSNL 4G coverage compared with 40.1% for higher-coverage states. The gap is real, but it is not large enough to explain creator density differences by itself.
Source BSNL 4G district-level deployment data, 2024. States are grouped into higher-coverage and lower-coverage tiers per TRAI/Census classification; this state-level tiering is independent of, and should not be conflated with, the city-level metro/non-metro definition used elsewhere in this report.
Income context matters for interpreting creator opportunity.
Bar chart · Household income and creator density
Rural wage benchmarks are substantially below urban medians in several creator states. This changes how creator income should be evaluated.
Source CMIE Consumer Pyramids; PLFS 2023–24 Q4; state-level averages, selected states. Note: the PLFS line shows individual average wage earnings, a different measure from household income, and is included for reference only.
Infrastructure does not map cleanly onto creator density.
Scatter plot · Creator density and infrastructure score
States such as Tamil Nadu, Karnataka and Gujarat outperform population expectations, while Odisha remains below them. Creator formation appears to depend on more than infrastructure availability.
Source Qoruz creator base; Census of India population data; BSNL coverage data
Creator density varies widely after adjusting for population.
Indexed bar chart · Creators per million population
Population-adjusted creator output highlights state-level differences in capability, household investment and ecosystem readiness.
Source Hashfame 2025 creator base; Census 2011 population (scaled); SRITNE analysis
Chapter Conclusion

The evidence in this chapter suggests that infrastructure remains necessary for creator participation, but it is no longer sufficient to explain creator emergence. Lower-coverage states average 31.8% BSNL 4G coverage compared with 40.1% in higher-coverage states, and several states with adequate coverage still underperform on creator density.

This does not imply that infrastructure no longer matters. Rather, it suggests that once a baseline level of connectivity exists, differences in household investment, digital capability and ecosystem development become more informative. In this sense, infrastructure increasingly appears to be a hygiene factor, while capability becomes the source of differentiation.

Bridge: If households are investing differently in digital participation, the next question is what economic conditions make such investment plausible. Chapter VII examines household spending patterns and the consumer categories most relevant to creator monetisation.
Act III
Economic Impact
Chapters VII to X examine why the creator economy matters economically: how households spend, how creators earn, what institutions should do and what this market reveals about digital opportunity in India.
Chapter Seven
07
Household Investment and Consumption Opportunity
Creator markets depend not only on creators and platforms but also on household spending. This chapter examines how household expenditure patterns shape the commercial opportunity available to creators and brands.
Insight
Household spending reveals whether digital participation is being treated as consumption or as investment.
7.1 The Brand Wallet

The brand wallet is defined here as median monthly household expenditure on cosmetics, parlour and spa services, salty snacks and restaurant meals. These categories provide a useful market-sizing benchmark for creator campaigns in consumer categories. Across the CMIE Consumer Pyramids survey for May to June 2025 (approximately 174,000 accepted household records), this brand wallet ranges from about ₹320 per month in Bihar rural households to about ₹1,620 in Haryana rural households.

The cross-state gap is more revealing than the urban-rural distinction alone. Karnataka rural households exceed Maharashtra urban households on brand wallet share, not in absolute rupee terms but as a proportion of total household expenditure. This suggests that campaign planning should not treat rural and urban as sufficient market categories. State-level household purchasing power and category commitment are more useful benchmarks.

Haryana Rural Brand Wallet
₹1,620
Per month, median
Bihar Rural Brand Wallet
₹320
5× below Haryana
Personal Care Income Elasticity
~0
Flat 5.3% across quintiles
Odisha Rural OTT Penetration
1.5%
vs Telangana 7.1%; outlier
Household brand wallets vary sharply across states.
Grouped bar chart · Monthly brand wallet by state
The gap between Haryana and Bihar rural households is more than fivefold. State-level household purchasing power is central to creator monetisation potential.
Source CMIE Consumer Pyramids household expenditure survey, May–Jun 2025. Brand wallet = median monthly spend on cosmetics + parlour/spa + salty snacks + restaurants per household. ~174,000 accepted household records across 28 states.
7.2 Telecom as Revealed Preference

The telecom-to-food spend ratio provides a second measure of household commitment to digital participation. Karnataka rural households spend the equivalent of 11% of their food budget on telecom, the highest in India. Bihar and Uttar Pradesh sit at 3.3%. This ratio captures revealed preference under budget pressure. Households that allocate scarce resources to connectivity are signalling that digital participation has economic or social value.

Telecom spending captures household commitment to digital participation.
Ratio chart · Telecom-to-food spend, rural households
Karnataka's rural telecom-to-food ratio is 11%, while Uttar Pradesh and Bihar are at 3.3%. Creator emergence follows household commitment more closely than coverage alone.
Source CMIE Consumer Pyramids (CHHV1), Q1 2025. Ratio = median monthly telecom spend ÷ median monthly food spend, households with non-zero telecom spend only.
OTT penetration is a strong income-gradient signal.
Gradient chart · OTT penetration by income quintile
OTT penetration rises from 0.3% in the bottom quintile to 16.2% in the top quintile. It is a useful signal of premium audience composition in non-metro markets.
Source CMIE Consumer Pyramids, May–Jun 2025. Households in non-metro states only.
Household Economics Reading
The brand wallet is not a measure of aspiration. It is a measure of realised spending capacity. For creator campaigns, this distinction matters because purchasing power varies more across states than a simple rural-urban classification suggests.
Personal Care as the Stable Floor
Rural households allocate approximately 5.3% of total expenditure to personal care and cosmetics across income quintiles. This makes personal care one of the most stable categories in the brand basket and helps explain why beauty creators are commercially resilient across income groups.
OTT as an Audience Quality Signal
OTT penetration rises sharply with income, from 0.3% in the bottom quintile to 16.2% in the top quintile. For creators, an audience with high OTT participation is likely to be a higher-income audience. This makes OTT behaviour a useful complement to follower and engagement metrics.
The Parlour Paradox
In many states, rural households are more likely to have visited a parlour than to subscribe to OTT. Beauty and personal care creators are therefore not creating the category from scratch. They are translating an existing offline spending behaviour into a digital marketing context.
Chapter Conclusion

Household expenditure data provides a useful lens for understanding where creator monetisation is likely to be commercially viable. The brand wallet varies substantially across states, and categories such as personal care show unusual resilience across income quintiles. These patterns help explain why certain creator categories can monetise even in lower-income markets.

The chapter also suggests that household digital participation should be understood as an investment decision rather than as consumption alone. Telecom spending captures revealed commitment under budget constraints. States where households allocate more of their spending to connectivity appear better positioned for creator formation, even when infrastructure differences are not large.

Bridge: Household investment, however, is only economically meaningful if creators can eventually earn. Chapter VIII therefore evaluates creator income against the labour market alternatives available in smaller cities and towns.
Chapter Eight
08
Creator Income Economics
Can creator income provide meaningful economic opportunity, or does it remain supplementary income for a small minority? This chapter evaluates creator earnings against the local wage and household expenditure benchmarks that matter most.
Insight
Creator income is meaningful only when measured against local opportunity.
8.1 Creator Income Against Local Wage Benchmarks

Income has little meaning without the right benchmark. The Periodic Labour Force Survey 2023–24 Q4 provides a useful labour market comparison for smaller cities and towns. Average monthly earnings of regular salaried employees in rural areas, per the published PLFS 2023–24 Q4 bulletin, were ₹17,033. This benchmark is worth comparing against educational attainment: about 46% of youth aged 18 to 35 outside the top metros have secondary or higher education, and about 22% are graduates.

Against this benchmark, creator campaign income remains modest relative to a full-time wage, though it becomes more meaningful at higher activation levels. A nano creator completing two campaigns per year, using the average Qoruz 2025 spend midpoint and a 30% take-rate, earns a monthly equivalent of approximately ₹5,000. This equals about 29% of the average rural salaried wage. At five campaigns, a nano creator earns about 73% of that benchmark. A micro creator completing five campaigns earns approximately 147% of the rural wage benchmark, the only scenario examined here that exceeds it.

The same income looks smaller still against the metro benchmark. A nano creator completing two campaigns earns only about 20% of the average urban salaried wage of ₹24,434. A micro creator completing five campaigns reaches about 102% of that benchmark, roughly matching it rather than exceeding it by a wide margin. The comparison suggests that creator income is not uniformly transformative, and for most creators it remains supplementary rather than a substitute for full-time wage employment. Its economic meaning depends heavily on the local opportunity set available to the creator and on how many campaigns they secure.

Creator income moves up the household expenditure ladder with repeat campaigns.
Income positioning · Campaign income as share of expenditure thresholds
A single campaign is largely supplementary. Repeat campaigns, especially for micro creators, move creator income toward more meaningful household expenditure benchmarks.
Methodology Campaign income estimated as: avg spend per campaign (2025 midpoint) × take-rate (30% nano, 40% micro) × campaign count. Quintile thresholds from CMIE Consumer Pyramids, May–Jun 2025, ~104K valid records. All values expressed as % of median non-metro household annual expenditure.
Creator income remains modest against average wage benchmarks for most participants.
Income as % of average wage · rural and urban benchmarks
A nano creator completing two campaigns earns about 29% of the average rural salaried wage and about 20% of the average urban salaried wage. Only a micro creator completing five campaigns approaches or matches these benchmarks.
Source Creator income: Qoruz working estimates. Wage benchmarks: PLFS 2023–24 Q4 average monthly earnings, regular salaried employees. Rural average ₹17,033/mo; urban average ₹24,434/mo.
Personal care remains stable across income quintiles.
Stacked bar chart · Category wallet share
Personal care holds about 5.3% of household expenditure across quintiles, making it a stable commercial category for creator-led campaigns.
Source CMIE Consumer Pyramids, May–Jun 2025. ~28,000 valid records from non-metro states.
8.2 The Education-Employment Mismatch

The evidence points to a structural condition that can sustain non-metro creator supply. Young people outside India's top metros are substantially better educated than the local labour market can absorb at credential-matched wages. The wage does not move enough with the credential. This mismatch changes the opportunity set facing households and young workers.

Content creation should therefore not be interpreted only as aspiration or leisure. For many participants, especially in smaller cities and towns, it is a low-entry-cost option in a labour market with limited wage progression. This does not mean most creators earn meaningful income today. About 85% of non-metro creators complete no campaigns in a year. But for the small and growing group that crosses repeat campaign thresholds, creator income can compete with local employment alternatives.

Income Economics Reading
Creator monetisation remains uneven. The relevant finding is not that most creators earn substantial income, but that repeat campaigns can become economically meaningful relative to local labour market alternatives.
The Supplement Majority
For the 85% of non-metro creators who complete no campaigns in a year, content creation remains audience building. For creators completing one or two campaigns, income is meaningful as a supplement but not as replacement income. This distinction is important for keeping the economic claim appropriately bounded.
The Repeat Campaign Threshold
Creators completing five or more campaigns annually, 2.1% of the non-metro base, are the economically significant cohort. At this threshold, micro creators can reach or exceed household expenditure benchmarks that make creator income more than incidental.
Why Personal Care Matters
The category wallet data helps explain why beauty and personal care brands are natural monetisation partners. Non-metro households allocate a stable share of expenditure to personal care across income levels, giving creators a category where audience spending already exists.
Chapter Conclusion

Creator income remains limited for most participants, and this qualification is important. Approximately 85% of non-metro creators complete no campaigns in a year. For them, content creation remains primarily an audience-building activity rather than a source of regular income.

At the same time, the income evidence becomes more meaningful once creators cross higher campaign thresholds, though it remains below a full-time wage for most scenarios. A nano creator completing two campaigns earns about 29% of the average rural salaried wage, while a micro creator completing five campaigns earns about 147% of that benchmark. The same income looks smaller against metro benchmarks, which is precisely why local opportunity is the appropriate comparison.

Taken together, the evidence suggests that the next stage of the creator economy should be evaluated less by the number of people participating and more by the number who move from occasional participation to repeat commercial activity.

Bridge: The final substantive question is therefore institutional. If the constraint has shifted from participation to productivity, what should brands, platforms and policymakers do? Chapter IX turns from evidence to action.
════════════════════════════════════════════════ CHAPTER IX; RECOMMENDATIONS
Framework
The Evolution of Constraints
As the creator economy matures, the binding constraint changes. The early challenge was participation. The next challenge is productivity.
Early Stage
Need creators
Growth Stage
Need audiences
Adoption Stage
Need brands
Maturity Stage
Need capability
Next Stage
Need productivity
Chapter Nine
09
From Evidence to Action
The constraints facing India's creator economy have changed. This chapter translates the evidence into actions for brands, platforms and policymakers that can improve market efficiency and creator productivity.
Insight
The next phase of growth depends on improving relationships among existing participants, not simply adding more participants.
9.1 For Brands and Marketing Agencies
01
Move from creator selection to creator portfolio design
The evidence indicates that creator supply is now geographically distributed, linguistically diverse and heavily concentrated in nano and micro creators. Brands should therefore manage creator campaigns as portfolios rather than isolated selections. Portfolio design allows brands to balance geography, language, category fit, engagement quality and concentration risk.
02
Use state-level household data to guide market allocation
The fivefold gap in brand wallet between Haryana and Bihar rural households indicates that non-metro markets cannot be treated uniformly. State-level household expenditure data should inform CPM benchmarks, campaign intensity and category selection. The relevant planning unit is increasingly the state-language-category cluster, not only the metro/non-metro divide.
03
Build repeat creator relationships rather than one-off activations
The campaign-to-creator ratio in non-metro markets fell from about 0.37 to about 0.10 between 2020 and 2025, indicating that most activated creators complete only one campaign per year. Repeat relationships can reduce uncertainty for brands and improve income predictability for creators. Brands should test three-to-six-month creator partnership programmes in priority language and category clusters.
9.2 For Influencer Marketing Platforms
04
Improve discovery in under-monetised language markets
Bhojpuri and Kannada appear under-monetised relative to creator supply. This suggests a discovery problem as much as a demand problem. Platforms should improve language-specific search, engagement normalisation and creator categorisation so that campaign planners can identify commercially relevant creators outside Hindi and English defaults.
05
Increase activation depth from one campaign to repeat campaigns
The decline in the non-metro campaign-to-creator ratio suggests that breadth of activation has expanded much faster than depth. Platforms should prioritise interventions that move creators from one annual campaign to two or three, including better brief matching, performance histories and repeat engagement prompts. One additional campaign can materially change creator income at the margin.
9.3 For Policymakers
06
Recognise creator income within self-employment frameworks
Creator income is currently difficult to classify within existing labour and financial systems. Formal recognition as a form of self-employment income could improve access to credit, insurance, skills programmes and social protection. Such recognition should be designed carefully, without imposing compliance burdens that discourage participation.
07
Shift from infrastructure expansion to effective digital participation
The evidence suggests that raw coverage is no longer the only constraint. Household willingness to spend on connectivity and the capability to use digital tools are increasingly important. Policy should therefore complement infrastructure rollout with measures that improve effective participation, particularly where coverage exists but household digital commitment remains low.
08
Invest in creator capability programmes in structurally underrepresented states
Odisha and Bihar remain below population-adjusted expectations for creator density. These deficits should not be read simply as infrastructure failures. They point to capability gaps in content creation, editing, platform use, pricing and monetisation. State-level skill programmes could generate higher returns when linked to existing digital and MSME initiatives.
Strategic implication
The recommendations are united by one principle. The creator economy no longer needs only more participants. It needs stronger market relationships among the participants already present.
Chapter Conclusion

The recommendations in this chapter are united by a common principle. India's creator economy no longer requires only more participants. It requires stronger relationships among participants already present in the market. Brands need better creator portfolios, platforms need to improve matching and repeat monetisation, and policymakers need to strengthen the institutional conditions under which creator work can become more productive.

This is a narrower claim than saying that the creator economy should be promoted in general. The evidence points to specific frictions: discovery gaps in language markets, low campaign frequency among activated creators, capability deficits in underperforming states and weak formal recognition of creator income. Addressing these frictions is likely to matter more than simply expanding creator supply.

Bridge: The conclusion brings these findings together and asks what the report demonstrates about the evolution of India's creator economy as a market institution.
════════════════════════════════════════════════ CHAPTER X; CONCLUSION
Chapter Ten
10
Conclusion
The Creator Economy as Market Institution. This report shows how India's creator economy formed, matured and began to create economic opportunity across geographies, languages and households.
Insight
The future of India's creator economy will be shaped by productivity rather than scale alone.

This report began with a geographic question: where is India's creator economy actually emerging? The answer is more consequential than the question first appears. By 2025, non-metro creators accounted for 66% of India's creator base. This indicates that content production has moved beyond the metros and that India's creator economy is now geographically distributed.

The report then examined whether this expansion was accompanied by demand. Engagement rose from 1.8% to 7.2% even as creator supply expanded more than fourfold. This pattern suggests that India's creator economy has expanded without yet exhausting audience attention. The market has not simply added creators. It has also expanded the audience relationships that make creator activity commercially relevant.

The structure of this market is also distinctive. It is built largely through broad networks of nano and micro creators rather than through a relatively small number of celebrity influencers. This distributed structure increases audience diversity and geographic reach, but monetisation remains shallow. Many creators participate. Fewer earn repeatedly.

The evidence also suggests that the market is becoming more institutionalised. Campaign volume increased, spend per campaign rose and multiple categories now use creator marketing. Language markets have become central to coordination, while infrastructure appears to be giving way to capability as the next constraint. These patterns are consistent with a market moving from formation toward maturation.

The economic claim should be stated carefully. The creator economy does not yet provide meaningful full-time income for most participants. About 85% of non-metro creators complete no campaigns in a year. Even for creators who cross repeat campaign thresholds, income typically remains below or close to local wage benchmarks; only a micro creator completing five campaigns clearly exceeds the average rural salaried wage, at about 147% of that benchmark. This is why creator income must be interpreted against local labour market alternatives rather than metropolitan salary benchmarks alone.

The first phase of India's creator economy demonstrated that participation could scale. The next phase will determine whether participation can translate into sustained productivity and long-term economic opportunity.SRITNE x Hashfame Creator Economy Structural Analysis, 2026
References & Data Notes

Primary Data
Qoruz Creator Intelligence Platform. (2025). Creator and campaign database, 2020–2025. Qoruz Technologies Pvt. Ltd.

Household Expenditure
Centre for Monitoring Indian Economy (CMIE). (2025). Consumer Pyramids Household Survey (CHHV1), May–June 2025. ~174,000 accepted household records, 28 states.

Labour Market
Ministry of Statistics and Programme Implementation, Government of India. (2024). Periodic Labour Force Survey (PLFS), 2023–24, Quarter 4. National Statistical Office.

Infrastructure
Bharat Sanchar Nigam Limited (BSNL). (2024). District-level 4G deployment data. Telecommunications Department, Government of India.

Population Data
Office of the Registrar General and Census Commissioner, India. (2011). Census of India 2011. Scaled projections used for 2025 estimates.

Sector Reference
Telecom Regulatory Authority of India (TRAI). (2024). Telecom Subscription Data, December 2024.
Internet and Mobile Association of India (IAMAI). (2024). India Internet Report 2024.

Analytical Notes
All creator income estimates are derived from Qoruz working data on average spend per campaign at the midpoint of disclosed ranges, combined with disclosed platform take-rates (30% for nano creators, 40% for micro creators). Income figures represent gross creator earnings before tax and are expressed in nominal 2025 rupees. Quintile thresholds are derived from CMIE Consumer Pyramids household expenditure distribution for smaller cities and towns (~174,000 accepted household records nationally; the subset used for quintile thresholds is smaller). Wage benchmarks are average monthly earnings of regular salaried employees from the published PLFS 2023–24 Q4 bulletin (rural ₹17,033; urban ₹24,434), not a metro/non-metro city-level breakdown, since PLFS publishes rural/urban splits only.