Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has revolutionized the way people work and earn a living in India. According to Rohit Kapoor, the food marketplace chief of Swiggy, the gig economy has become a “third pillar of livelihood” in the country. This statement highlights the significant impact that the gig economy has had on the Indian job market and the lives of millions of people who are associated with it.
In a recent interview with Moneycontrol, Kapoor revealed that Swiggy’s delivery partners earned a substantial amount of money last year. “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,” he said. This amount is a testament to the fact that the gig economy is not just a supplementary source of income, but a full-fledged career option for many people in India.
The gig economy has been growing rapidly in India over the past few years, with more and more people opting for flexible and freelance work options. This trend has been driven by the increasing demand for convenience and flexibility in the workforce. With the rise of food delivery apps, ride-hailing services, and other on-demand platforms, the gig economy has become a significant contributor to the Indian economy.
Kapoor’s remarks come amid continued scrutiny of delivery partner earnings. There have been concerns raised about the working conditions, income, and benefits of delivery partners, who are often classified as independent contractors rather than employees. However, Kapoor’s statement suggests that the gig economy is providing a significant source of income for many people in India, and that it has become an essential part of the country’s livelihood landscape.
The gig economy has several benefits, including flexibility, autonomy, and the opportunity to earn a decent income. It also provides a platform for people to showcase their skills and talents, and to work on their own terms. However, it also has its challenges, including the lack of job security, benefits, and social protection.
In India, the gig economy has been driven by the growth of the startup ecosystem, which has created new opportunities for entrepreneurship and innovation. The government has also recognized the potential of the gig economy and has taken steps to support its growth, including the introduction of policies and regulations to protect the rights of gig workers.
The payment of over ₹5,000 crore to delivery partners last year is a significant achievement, and it highlights the scale and scope of the gig economy in India. It also suggests that the gig economy is not just a niche phenomenon, but a mainstream trend that is transforming the way people work and live.
According to Kapoor, the gig economy has become a “third pillar of livelihood” in India, alongside the formal and informal sectors. This means that the gig economy is no longer just a supplementary source of income, but a full-fledged career option that provides a significant source of income for many people.
The growth of the gig economy in India has also been driven by the increasing demand for convenience and flexibility in the workforce. With the rise of food delivery apps, ride-hailing services, and other on-demand platforms, the gig economy has become a significant contributor to the Indian economy.
In conclusion, the gig economy has become a significant part of the Indian livelihood landscape, and it is providing a substantial source of income for many people. The payment of over ₹5,000 crore to delivery partners last year is a testament to the scale and scope of the gig economy in India, and it highlights the potential of this sector to drive economic growth and development.
As the gig economy continues to grow and evolve, it is likely to have a profound impact on the Indian job market and the lives of millions of people. It is essential to recognize the potential of the gig economy and to take steps to support its growth, including the introduction of policies and regulations to protect the rights of gig workers.
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