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 Indian economy, 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, Kapoor revealed that the food delivery platform paid out more than ₹5,000 crore to its delivery partners last year, highlighting the substantial income flowing back into their hands. This statement comes amid continued scrutiny of delivery partner earnings, with many raising concerns about the fairness of their compensation.
The gig economy, which includes platforms like Swiggy, Zomato, and Ola, has experienced rapid growth in India over the past few years. With the increasing demand for food delivery and other services, these platforms have created a large number of opportunities for individuals to earn a living. According to Kapoor, the gig economy has become an essential part of the Indian economy, providing a third pillar of livelihood alongside the traditional formal and informal sectors.
The payment of over ₹5,000 crore to delivery partners last year is a significant amount, demonstrating the substantial income generated by the gig economy. This amount is likely to increase in the coming years, as the demand for food delivery and other services continues to grow. The gig economy has created a new opportunities for individuals who may not have been able to find employment in the traditional formal sector.
However, despite the growth of the gig economy, there are concerns about the fairness of delivery partner earnings. Many delivery partners have raised issues about their compensation, stating that they are not paid fairly for their work. There have been reports of delivery partners earning as little as ₹15-20 per delivery, which is a meager amount considering the costs they incur, including fuel, maintenance, and other expenses.
In response to these concerns, Kapoor stated that Swiggy is working to improve the earnings of its delivery partners. The company has introduced various initiatives, such as a guaranteed minimum earnings scheme, to ensure that delivery partners earn a fair income. Additionally, Swiggy has also introduced benefits like insurance and other perks to support its delivery partners.
The growth of the gig economy in India has also raised questions about the role of government regulation. While the gig economy has created new opportunities for employment, it has also raised concerns about the lack of social security and other benefits for workers. The government has been working to regulate the gig economy, with the introduction of new laws and regulations to protect the rights of workers.
In conclusion, the gig economy has become a significant contributor to the Indian economy, with Swiggy’s food marketplace chief Rohit Kapoor stating that it has become a “third pillar of livelihood” in the country. The payment of over ₹5,000 crore to delivery partners last year demonstrates the substantial income generated by the gig economy. However, despite the growth of the gig economy, there are concerns about the fairness of delivery partner earnings, and companies like Swiggy must work to improve the earnings of their delivery partners.
The future of the gig economy in India looks promising, with the demand for food delivery and other services expected to continue growing. As the gig economy continues to evolve, it is essential to ensure that delivery partners are paid fairly and have access to benefits like social security and insurance. With the right regulations and initiatives in place, the gig economy can continue to thrive, providing new opportunities for employment and income generation in India.
The gig economy has also created new opportunities for entrepreneurship, with many individuals starting their own businesses on platforms like Swiggy and Zomato. These platforms have provided a new way for entrepreneurs to reach customers and sell their products, and have created a new ecosystem for innovation and growth.
In addition to the economic benefits, the gig economy has also had a significant impact on Indian society. The gig economy has created new opportunities for women and other marginalized groups to participate in the workforce, and has provided a new way for people to earn a living. The gig economy has also created new opportunities for skill development, with many platforms offering training and other resources to help workers develop new skills.
Overall, the gig economy has become a significant contributor to the Indian economy, and is expected to continue growing in the coming years. As the gig economy continues to evolve, it is essential to ensure that delivery partners are paid fairly and have access to benefits like social security and insurance. With the right regulations and initiatives in place, the gig economy can continue to thrive, providing new opportunities for employment and income generation in India.
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