Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has been growing at an unprecedented rate in India, and it has now become a significant contributor to the country’s livelihood. According to Rohit Kapoor, the food marketplace chief of Swiggy, the gig economy has emerged as the “third pillar of livelihood” in India. This statement is a testament to the growing importance of the gig economy in the country, and it highlights the significant impact it has had on the lives of millions of people.
In a recent interview with Moneycontrol, Kapoor revealed that Swiggy paid out more than ₹5,000 crore to its delivery partners last year. This is a substantial amount of money, and it demonstrates the significant income-generating potential of the gig economy. Kapoor’s remarks come amid continued scrutiny of delivery partner earnings, and they provide a valuable insight into the financial benefits of working in the gig economy.
The gig economy has been growing rapidly in India, driven by the increasing demand for flexible and convenient work arrangements. With the rise of food delivery apps, ride-hailing services, and other online platforms, millions of people have been able to earn a living by working on a freelance or contract basis. This has provided them with the flexibility to choose their own working hours, work from anywhere, and earn a decent income.
The gig economy has also created new opportunities for people who may not have been able to find traditional employment. For example, many students, homemakers, and retired individuals have been able to supplement their income by working as delivery partners or ride-hailing drivers. This has not only provided them with a source of income but also given them a sense of purpose and fulfillment.
However, the gig economy has also faced criticism for its treatment of workers. Many delivery partners and ride-hailing drivers have complained about low earnings, long working hours, and lack of benefits. There have also been concerns about the impact of the gig economy on traditional employment, with some arguing that it has led to job displacement and insecurity.
Despite these challenges, the gig economy continues to grow and evolve in India. With the increasing demand for online services, the gig economy is likely to play an even more significant role in the country’s livelihood in the future. As Kapoor noted, the gig economy has become a “third pillar of livelihood” in India, and it is likely to continue to provide income-generating opportunities for millions of people.
The payment of ₹5,000 crore to delivery partners by Swiggy last year is a significant milestone, and it demonstrates the company’s commitment to providing a decent income to its workers. However, it also highlights the need for greater transparency and accountability in the gig economy. With the growing importance of the gig economy, it is essential to ensure that workers are treated fairly and provided with adequate benefits and protections.
In conclusion, the gig economy has emerged as a significant contributor to India’s livelihood, and it has provided income-generating opportunities for millions of people. The payment of ₹5,000 crore to delivery partners by Swiggy last year is a testament to the growing importance of the gig economy, and it highlights the need for greater transparency and accountability. As the gig economy continues to grow and evolve, it is essential to ensure that workers are treated fairly and provided with adequate benefits and protections.
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