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. What was once considered a supplementary source of income has now become a “third pillar of livelihood” in the country. According to Swiggy’s food marketplace chief, Rohit Kapoor, the gig economy has grown exponentially, providing substantial income opportunities for delivery partners. In a recent interview with Moneycontrol, Kapoor revealed that last year, Swiggy paid out more than ₹5,000 crore to its delivery partners, underscoring the significant role the gig economy plays in supporting livelihoods.
The gig economy, which includes companies like Swiggy, Zomato, and Uber, has been growing rapidly in India over the past few years. The sector has created new job opportunities for millions of people, providing them with the flexibility to work on their own terms. Kapoor’s remarks come at a time when the gig economy is facing increased scrutiny over the earnings of delivery partners. Despite the challenges, the sector continues to thrive, with more and more people joining the gig workforce every day.
The payment of over ₹5,000 crore to delivery partners by Swiggy last year is a testament to the growth and potential of the gig economy in India. This amount is substantial and highlights the significant income opportunities available to delivery partners. Kapoor’s statement also underscores the importance of the gig economy in supporting livelihoods, particularly in a country like India where traditional employment opportunities are limited.
The gig economy has several advantages, including flexibility, autonomy, and the ability to work on one’s own terms. Delivery partners can choose when and how much they want to work, allowing them to balance their work and personal life. This flexibility is particularly important in a country like India, where many people have to juggle multiple responsibilities, including family and education.
However, the gig economy also faces several challenges, including concerns over worker welfare, social security, and earnings. Delivery partners often work long hours, navigating through heavy traffic and dealing with difficult customers. They also face the risk of accidents and injuries, which can have a significant impact on their livelihoods. Additionally, the earnings of delivery partners have been a subject of debate, with many arguing that they are not fairly compensated for their work.
Despite these challenges, the gig economy continues to grow and evolve in India. Companies like Swiggy and Zomato are working to improve the working conditions and earnings of their delivery partners. They are introducing new initiatives, such as insurance schemes, health benefits, and skill development programs, to support the well-being and career growth of their delivery partners.
The growth of the gig economy in India also has significant implications for the country’s economy. The sector has the potential to create millions of new job opportunities, contributing to the country’s economic growth and development. The gig economy can also help to reduce unemployment and underemployment, particularly among young people and those living in rural areas.
In conclusion, the gig economy has become a “third pillar of livelihood” in India, providing substantial income opportunities for delivery partners. The payment of over ₹5,000 crore to delivery partners by Swiggy last year highlights the growth and potential of the sector. While the gig economy faces several challenges, it continues to evolve and grow, with companies working to improve the working conditions and earnings of their delivery partners. As the sector continues to expand, it is likely to play an increasingly important role in supporting livelihoods and contributing to the country’s economic growth and development.
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