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LATEST NEWS UPDATES | NITI Aayog launches report on gig economy in India: Key takeaways -Haripriya Suresh

NITI Aayog launches report on gig economy in India: Key takeaways -Haripriya Suresh

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published Published on Jun 27, 2022   modified Modified on Jun 28, 2022

-MoneyControl.com

The report looks at the present size of the sector, its job generation potential, and also offers recommendations for growth.

India’s gig workforce, estimated to be at 77 lakh in 2020-21, is expected to go up to 2.35 crore by 2029-30, according to a NITI Aayog report. The report, titled 'India's Booming Gig and Platform Economy' looks at the present size of the sector, its job generation potential, and also offers recommendations for the sector. As written in the Code on Social Security, the NITI Aayog report also recommends extending social security measures to gig workers and their families. The Code on Social Security was the first time gig and platform workers were recognised by the government, which sought to give workers social security benefits.

 The report defines a gig worker as “someone who engages in income-earning activities outside of a traditional employer-employee relationship, as well as in the informal sector”. Additionally, it defines those working with platforms such as Ola, Uber, Dunzo, Swiggy, Zomato and Urban Company as platform workers. It even goes on to term platform labour as the “Fourth Industrial Revolution”.

It is important to note that while the NITI Aayog has made several recommendations and this is the first such report that the government’s think tank has studied and published, these are not binding on platform companies.

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MoneyControl.com, 27 June, 2022, https://www.moneycontrol.com/news/business/niti-aayog-launches-report-on-gig-economy-in-india-key-takeaways-8745761.html


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