Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has emerged as a significant contributor to the Indian economy, with Swiggy’s food marketplace chief, Rohit Kapoor, stating that it has become the “third pillar of livelihood” in the country. In a recent interview with Moneycontrol, Kapoor revealed that the food delivery platform paid out over ₹5,000 crore to its delivery partners last year, highlighting the substantial income flowing back into their hands.
This development is noteworthy, especially considering the ongoing scrutiny of delivery partner earnings. Despite the challenges and controversies surrounding the gig economy, it has become an essential part of India’s economic landscape. The gig economy, which includes platforms like Swiggy, Zomato, and Ola, among others, has created new opportunities for individuals to earn a living, often on their own terms.
Kapoor’s remarks come at a time when the gig economy is facing increasing scrutiny from regulators, lawmakers, and the general public. Concerns around worker benefits, fair pay, and job security have led to calls for greater regulation and oversight of the sector. However, the fact that Swiggy paid out over ₹5,000 crore to its delivery partners last year suggests that the gig economy is indeed generating significant income for those involved.
The gig economy’s growth in India can be attributed to several factors, including the country’s large and growing middle class, increasing smartphone penetration, and the rising demand for convenience and flexibility. As more Indians gain access to smartphones and the internet, they are increasingly turning to platforms like Swiggy, Zomato, and Ola to order food, book rides, and access other services.
The gig economy’s impact on the Indian job market cannot be overstated. With the traditional employment market facing significant challenges, including a shortage of jobs and stagnant wages, the gig economy has emerged as a vital source of income for many Indians. By providing opportunities for individuals to work on their own terms, the gig economy has helped to supplement incomes, create new job opportunities, and stimulate economic growth.
However, the gig economy is not without its challenges. Concerns around worker benefits, fair pay, and job security are legitimate and need to be addressed. Many delivery partners and gig workers face uncertain working conditions, limited benefits, and inadequate pay, which can make it difficult for them to make ends meet. To address these concerns, regulators and lawmakers must work with gig economy platforms to establish clearer guidelines and regulations that protect the rights of workers.
Despite these challenges, the gig economy is likely to continue growing in India, driven by increasing demand for convenience, flexibility, and affordability. As the sector evolves, it is essential to prioritize the needs and concerns of workers, ensuring that they receive fair pay, benefits, and job security. By doing so, the gig economy can continue to thrive, creating new opportunities for Indians and contributing to the country’s economic growth.
In conclusion, the gig economy has become a vital part of India’s economic landscape, with Swiggy’s food marketplace chief, Rohit Kapoor, stating that it has become the “third pillar of livelihood” in the country. The fact that Swiggy paid out over ₹5,000 crore to its delivery partners last year highlights the significant income flowing back into their hands. As the gig economy continues to grow and evolve, it is essential to address the concerns and challenges facing workers, ensuring that they receive fair pay, benefits, and job security.
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