Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has been on the rise in India, and according to Swiggy’s food marketplace chief, Rohit Kapoor, it has become a “third pillar of livelihood” in the country. In a recent statement, Kapoor revealed that the delivery partners associated with Swiggy earned a substantial amount of money last year, with payouts exceeding ₹5,000 crore. This significant figure highlights the importance of the gig economy in India and its potential to provide a steady income stream for many individuals.
Kapoor’s remarks come at a time when the gig economy is under scrutiny, with many questioning the earnings of delivery partners. However, the data presented by Swiggy’s food marketplace chief suggests that the gig economy is a viable and lucrative option for many individuals in India. The fact that delivery partners earned over ₹5,000 crore last year is a testament to the growing demand for food delivery and other services in the country.
The gig economy has been growing rapidly in India, with many companies, including Swiggy, Zomato, and Ola, offering a range of services that rely on freelance workers. These workers, often referred to as “partners” or “associates,” are not traditional employees but rather independent contractors who work on a flexible, project-by-project basis. This model has been attractive to many individuals in India, who value the flexibility and autonomy that comes with working in the gig economy.
One of the primary benefits of the gig economy is that it provides individuals with the opportunity to earn a steady income without being tied to a traditional 9-to-5 job. This is particularly appealing to those who value flexibility and freedom, such as students, retirees, or those with caregiving responsibilities. Additionally, the gig economy offers a range of opportunities for individuals to develop new skills and gain experience in different fields, which can be beneficial for their long-term career prospects.
However, the gig economy has also faced criticism for its treatment of workers. Many have raised concerns about the lack of job security, benefits, and protections for gig workers, who are often classified as independent contractors rather than employees. This has led to calls for greater regulation and oversight of the gig economy, to ensure that workers are treated fairly and have access to the same rights and benefits as traditional employees.
Despite these challenges, the gig economy continues to grow and evolve in India. Companies like Swiggy are working to improve the experience of their delivery partners, with initiatives such as training programs, safety measures, and incentives for good performance. These efforts aim to create a more sustainable and equitable gig economy, where workers can thrive and earn a decent living.
In addition to providing a source of income, the gig economy is also having a positive impact on the Indian economy as a whole. The sector is creating new opportunities for entrepreneurship and innovation, as companies and individuals develop new services and products to meet the changing needs of consumers. This, in turn, is driving economic growth and job creation, both within the gig economy and in related industries.
The growth of the gig economy in India is also being driven by advances in technology, which are making it easier for companies to connect with workers and for workers to find opportunities. The widespread adoption of smartphones and other digital devices has enabled companies to develop platforms and apps that facilitate gig work, while also providing workers with greater flexibility and autonomy.
In conclusion, the gig economy has become a significant contributor to India’s economy, with delivery partners earning over ₹5,000 crore last year. As the sector continues to grow and evolve, it is likely to play an increasingly important role in providing livelihoods for many individuals in the country. While there are challenges to be addressed, the benefits of the gig economy, including flexibility, autonomy, and opportunities for skill development, make it an attractive option for many.
As Rohit Kapoor, Swiggy’s food marketplace chief, noted, the gig economy has become a “third pillar of livelihood” in India. With its potential to provide a steady income stream and create new opportunities for entrepreneurship and innovation, the gig economy is poised to continue growing and playing a vital role in the Indian economy.
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