Economic Times Call it the next-gen consumption survey. The ongoing government consumption survey is going beyond asking what you eat, what you wear, and what you own; it also wants to know your OTT subscription spend, the time you spend online, how often you shop online, whether you order meals from Zomato or Swiggy, and if you own an electric vehicle. India's Household Consumption Expenditure Survey (HCES) will now include questions on...
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Indian startups fired 10,000 employees from October to January - Prachi Verma
Economic Times With investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, Swiggy and Ola have slowed down hiring or even resorted to firing employees. Startups in India fired about 6,000 employees in October-December 2022 and another 4,000 or so in January 2023, the Economic Times reported, citing a report by CIEL Human Resources services. Many unicorns and startups like Byju's, Swiggy...
More »Perils of the Gig Economy -Asiya Islam and Damni Kain
-TheIndiaForum.in The uncritical tone of the NITI Aayog’s recent report on the gig economy in India and its belief that platformisation will create an inclusive working environment is, at best, credulous, and, at worst, a deliberate attempt to ignore the erosion of workers’ rights, security, and welfare. In August 2022, more than a hundred workers in Bengaluru working for online food ordering and delivery platform Swiggy went on strike. Echoing central trade...
More »Can Unicorns Become Growth Engines of India’s Economy? -Shinzani Jain
-Newsclick.in The relatively new and fragile start-up ecosystem is not a solution to the larger problem of pauperisation of the working population of the country. In May 2022, a report in the magazine, The Economist, claimed that “a novel confluence of forces stands to transform India’s economy over the next decade, improving the lives of 1.4 billion people and changing the balance of power in Asia. Technological leaps, the energy transition, and...
More »NITI Aayog launches report on gig economy in India: Key takeaways -Haripriya Suresh
-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...
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