Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has become an integral part of the Indian workforce, with many individuals relying on freelance or contract work to earn a living. According to Rohit Kapoor, the food marketplace chief at Swiggy, the gig economy has evolved into a “third pillar of livelihood” in India. This statement comes at a time when the gig economy is facing increased scrutiny over the earnings of delivery partners.
In an interview with Moneycontrol, Kapoor revealed that Swiggy paid out more than ₹5,000 crore to its delivery partners last year. This substantial amount of income highlights the significant role that the gig economy plays in supporting the livelihoods of many individuals in India. “Last year, we would have paid out more than ₹5,000 crore, so there is a substantial amount of income flowing back into delivery partners’ hands,” Kapoor stated.
The gig economy has experienced rapid growth in recent years, with the rise of food delivery and e-commerce platforms. These platforms have created new opportunities for individuals to earn a living, often on a part-time or flexible basis. The gig economy has become an attractive option for many, particularly in urban areas where traditional employment opportunities may be limited.
However, the gig economy has also faced criticism over the treatment of delivery partners, with many arguing that they are not paid fairly for their work. Kapoor’s remarks come amid continued scrutiny of delivery partner earnings, with some arguing that they are not receiving a fair share of the revenue generated by food delivery platforms.
Despite these concerns, the gig economy remains a vital source of income for many individuals in India. The payment of ₹5,000 crore to delivery partners by Swiggy last year is a significant amount, and highlights the importance of the gig economy in supporting livelihoods. As Kapoor noted, the gig economy has become a “third pillar of livelihood” in India, alongside traditional employment and entrepreneurship.
The growth of the gig economy in India can be attributed to a number of factors, including the increasing demand for food delivery and e-commerce services. The rise of smartphones and mobile internet has also made it easier for individuals to access gig economy platforms and find work. Additionally, the gig economy has provided opportunities for individuals to earn a living in areas where traditional employment opportunities may be limited.
As the gig economy continues to grow and evolve, it is likely that we will see increased scrutiny over the treatment of delivery partners and other gig economy workers. However, the payment of ₹5,000 crore to delivery partners by Swiggy last year is a positive sign, and highlights the potential of the gig economy to support livelihoods and drive economic growth.
In conclusion, the gig economy has become a vital part of the Indian workforce, with many individuals relying on freelance or contract work to earn a living. The payment of ₹5,000 crore to delivery partners by Swiggy last year is a significant amount, and highlights the importance of the gig economy in supporting livelihoods. As the gig economy continues to grow and evolve, it is likely that we will see increased scrutiny over the treatment of delivery partners and other gig economy workers. However, the potential of the gig economy to drive economic growth and support livelihoods is undeniable.
The gig economy is not just limited to food delivery, it has spread its roots in various sectors such as e-commerce, transportation, and freelance work. The rise of platforms such as Uber, Ola, and Zomato has created new opportunities for individuals to earn a living. These platforms have also created new challenges, such as the need for regulation and protection of workers’ rights.
The Indian government has taken steps to regulate the gig economy, with the introduction of new laws and regulations aimed at protecting the rights of gig economy workers. However, more needs to be done to ensure that gig economy workers are treated fairly and paid adequately for their work.
As the gig economy continues to grow and evolve, it is likely that we will see increased innovation and competition in the sector. New platforms and business models will emerge, creating new opportunities for individuals to earn a living. However, it is also important to ensure that the growth of the gig economy is sustainable and equitable, and that the rights of workers are protected.
In the end, the gig economy has the potential to drive economic growth and support livelihoods in India. However, it is also important to address the challenges and concerns associated with the gig economy, such as the need for regulation and protection of workers’ rights. By working together, we can ensure that the gig economy is a positive force for economic growth and development in India.
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