Source | economictimes.indiatimes.com | Yogima Seth Sharma
The rapid increase in digitalisation and the low entry barriers for gig and platform workers will lead to surge in the number of such workers in India to 23.5 million by 2029-30 as against 7.7 million in 2020-21, government’s think-tank NITI Aayog said in its report, released on Monday.
The Aayog, in its report ‘India’s Booming Gig and Platform Economy, has urged the government to ensure universal social security coverage to platform workers while recommending industry to provide them with sick leave, health cover and accidental insurance cover as is prevalent in other countries.
“The gig workforce is expected to expand to 23.5 million workers by 2029-30 as against 7.7 million in 2020-21. They would form 6.7% of the non-agricultural workforce or 4.1% of the total livelihood in India by 2029-30,” the Aayog said, calling the numbers indicative. In 2020-21, gig workers constituted 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India.
According to the report, India with its demographic dividend of half-a-billion labour force and the world’s youngest population, rapid urbanisation, widespread adoption of smartphones and associated technology is the new frontier of the economic revolution ushered in by its burgeoning gig workforce.