Gig economy India’s 3rd pillar, delivery partners got ₹5,000 cr last yr: Swiggy’s Rohit
The gig economy has been on a steady rise in India, providing millions of people with flexible and lucrative work opportunities. According to Rohit Kapoor, the food marketplace chief at Swiggy, the gig economy has now become a “third pillar of livelihood” in the country. This statement comes as a testament to the growing importance of the gig economy in India, which has been driven by the rise of food delivery and e-commerce platforms.
In an 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 payout is a significant indication of the financial benefits that the gig economy offers to its workers.
The gig economy has been under scrutiny in recent times, with many questioning the earnings of delivery partners. However, Kapoor’s remarks suggest that the gig economy is providing a viable source of income for many people in India. The fact that Swiggy’s delivery partners earned over ₹5,000 crore last year is a clear indication of the financial potential of the gig economy.
The rise of the gig economy in India can be attributed to the growing demand for food delivery and e-commerce services. With more and more people turning to online platforms for their daily needs, the demand for delivery partners has increased significantly. This has created a large number of job opportunities for people who are looking for flexible and lucrative work options.
The gig economy has also been driven by the rise of digital payments and the increasing use of smartphones in India. With the advent of digital payments, it has become easier for people to make transactions online, which has further fueled the growth of the gig economy. The increasing use of smartphones has also made it easier for people to access gig economy platforms, which has helped to increase the number of workers in the sector.
According to Kapoor, the gig economy has now become an essential part of India’s economy. “The gig economy has become a third pillar of livelihood in India, alongside the formal and informal sectors,” he said. This statement highlights the importance of the gig economy in providing employment opportunities to people in India.
The gig economy has also been beneficial for people who are looking for part-time or flexible work options. With the gig economy, people can choose when and how much they want to work, which has made it a popular option for students, homemakers, and retirees. The gig economy has also provided opportunities for people who are looking to supplement their income or pursue their passions.
However, the gig economy has also faced criticism for its treatment of workers. Many have raised concerns about the low earnings of delivery partners and the lack of benefits and job security. There have also been reports of delivery partners facing harassment and violence on the job.
Despite these challenges, the gig economy continues to grow in India. With the rise of new platforms and the increasing demand for online services, the gig economy is expected to provide even more job opportunities in the future. According to Kapoor, Swiggy is committed to providing better earnings and benefits to its delivery partners. “We are working to provide more benefits and better earnings to our delivery partners, and we are committed to making the gig economy a viable and sustainable option for them,” he said.
In conclusion, the gig economy has become a vital part of India’s economy, providing millions of people with flexible and lucrative work opportunities. With the rise of food delivery and e-commerce platforms, the gig economy has become a “third pillar of livelihood” in the country. The fact that Swiggy’s delivery partners earned over ₹5,000 crore last year is a clear indication of the financial potential of the gig economy. As the gig economy continues to grow, it is essential to address the challenges faced by workers and provide better earnings and benefits to them.
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