Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has been a topic of discussion in recent years, with many experts weighing in on its potential to disrupt traditional employment models. In India, the gig economy has grown exponentially, with many companies relying on freelance workers and delivery partners to get the job done. According to Rohit Kapoor, the food marketplace chief at Swiggy, the gig economy has become a “third pillar of livelihood” in India.
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 statement is significant, given the ongoing debate about the earnings of delivery partners in the gig economy.
The gig economy has been criticized for its treatment of workers, with many arguing that they are not paid fairly for their work. However, Kapoor’s statement suggests that delivery partners are earning a decent income, at least in the case of Swiggy. The ₹5,000 crore payout is a substantial amount, and it indicates that the gig economy is providing a significant source of income for many people in India.
Kapoor’s remarks come amid continued scrutiny of delivery partner earnings. Many experts have raised concerns about the working conditions and pay of delivery partners, arguing that they are not treated fairly by companies. However, Kapoor’s statement suggests that Swiggy is committed to paying its delivery partners a decent income.
The growth of the gig economy in India has been rapid, with many companies emerging in the past few years. The gig economy has created new opportunities for people to earn a living, especially in the service sector. With the rise of food delivery apps, e-commerce platforms, and ride-hailing services, the demand for freelance workers and delivery partners has increased significantly.
The gig economy has also created new challenges, however. Many workers in the gig economy do not have access to traditional benefits, such as health insurance and retirement plans. They also often face uncertainty about their income, as they are not guaranteed a steady stream of work.
Despite these challenges, the gig economy is likely to continue growing in India. The country has a large and young population, and many people are looking for flexible work arrangements that allow them to earn a living on their own terms. The gig economy provides an opportunity for people to work on their own schedule, which can be attractive to many.
Swiggy’s success in the gig economy is a testament to the potential of this model. The company has grown rapidly in recent years, and it has created new opportunities for delivery partners to earn a living. With the payout of ₹5,000 crore to delivery partners last year, Swiggy has demonstrated its commitment to paying its workers a decent income.
In conclusion, the gig economy has become a significant part of India’s economy, with many companies relying on freelance workers and delivery partners to get the job done. Swiggy’s food marketplace chief Rohit Kapoor has stated that the gig economy is now a “third pillar of livelihood” in India, and the company’s payout of ₹5,000 crore to delivery partners last year is a testament to its potential. While there are challenges associated with the gig economy, it is likely to continue growing in India, providing new opportunities for people to earn a living.
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