‘A gig economy.is a labour market inwhich people engage in freelance jobsor short-term employment instead ofpermanent jobs.
Gig work in India is focused on theservice sector with opportunities
available in ride-hailing apps like Uberor Ola and food-delivery apps likeZomato and Swiggy.
In India, there were around 7.7 million
gig workers in 2020-21 and the figure
is expected to grow to 23.5 million by
2029-30.
Among these workers, about 47%
work in medium-skilled jobs, about
22% in high-skilled and about 31% in
low-skilled jobs.
The gig economy in
support up to 90 million non-agricultural
jobs amounting to over $250 billion,
adding nearly 1.25% to the GDP.
central legislation for the labour rightsof these workers. Thus, gig workersoften lack traditional work benefitssuch as insurance and retirementPlans.
Although they are covered under acts like the Code on Social Security, 2020,Code on Wages, 2019, etc, formallegislative action is needed to protect the country’s gig workers.