Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has become a significant contributor to the livelihoods of many Indians, with Swiggy’s food marketplace chief, Rohit Kapoor, stating that it has become a “third pillar of livelihood” in the country. In a recent interview with Moneycontrol, Kapoor revealed that Swiggy paid out more than ₹5,000 crore to its delivery partners last year, highlighting the substantial income generated by the gig economy.
This statement comes at a time when the gig economy is under scrutiny, with many raising concerns about the earnings of delivery partners. However, Kapoor’s remarks suggest that the gig economy is providing a significant source of income for many individuals, with Swiggy’s payout of ₹5,000 crore being a substantial amount.
The gig economy, which includes companies like Swiggy, Zomato, and Uber, has grown rapidly in India in recent years. These companies have created new opportunities for individuals to earn a living, often on a part-time or flexible basis. The gig economy has been particularly attractive to students, retirees, and those looking for supplemental income.
Kapoor’s statement highlights the importance of the gig economy in India, where many people are looking for alternative sources of income. The traditional economy has not been able to provide enough jobs, and the gig economy has filled this gap to some extent. With the rise of the gig economy, many Indians have been able to earn a living and support their families.
The payout of ₹5,000 crore by Swiggy to its delivery partners is a significant amount, and it highlights the scale of the gig economy in India. This amount is likely to be only a fraction of the total payout by all gig economy companies in India, and it suggests that the gig economy is generating substantial income for many individuals.
The gig economy has also created new opportunities for entrepreneurship and innovation. Many individuals have started their own businesses, offering services like food delivery, ride-hailing, and household services. These businesses have created new jobs and have contributed to the growth of the economy.
However, the gig economy has also faced criticism, with many raising concerns about the working conditions and earnings of delivery partners. Many delivery partners have complained about low earnings, long working hours, and lack of benefits. These concerns have led to calls for greater regulation of the gig economy, to ensure that delivery partners are treated fairly and paid a living wage.
In response to these concerns, many gig economy companies have started to take steps to improve the working conditions and earnings of their delivery partners. For example, Swiggy has introduced a number of initiatives to support its delivery partners, including a health insurance program and a scheme to provide financial assistance to delivery partners who are injured on the job.
Overall, the gig economy has become a significant contributor to the livelihoods of many Indians, and it is likely to continue to grow in the coming years. As Kapoor’s statement highlights, the gig economy is generating substantial income for many individuals, and it has become a “third pillar of livelihood” in India.
In conclusion, the gig economy has become a vital part of the Indian economy, providing new opportunities for income and employment. While there are concerns about the working conditions and earnings of delivery partners, many gig economy companies are taking steps to address these issues. As the gig economy continues to grow, it is likely to play an increasingly important role in the livelihoods of many Indians.
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