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28/06/22 06:12 AM IST

NITI Aayog Launches Report on India's Gig Economy

In News 
  • NITI Aayog today launched a report titled ‘India's Booming Gig and Platform Economy’.
Major Findings 
  • The report estimates that in 2020–21, 77 lakh (7.7 million) workers were engaged in the gig economy.
  • They constituted 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India.
  • The gig workforce is expected to expand to 2.35 crore (23.5 million) workers by 2029–30. Gig workers are expected to form 6.7% of the non-agricultural workforce or 4.1% of the total livelihood in India by 2029–30.
  • At present, about 47% of the gig work is in medium skilled jobs, about 22% in high skilled, and about 31% in low skilled jobs.
Significance 
  • The report is a first-of-its-kind study that presents comprehensive perspectives and recommendations on the gig–platform economy in India.
  • The report provides a scientific methodological approach to estimate the current size and job-generation potential of the sector.
  • It highlights the opportunities and challenges of this emerging sector and presents global best practices on initiatives for social security and delineates strategies for skill development and job creation for different categories of workers in the sector.
  • The report puts forth suggestions for platform-led transformational and outcome-based skilling, enhancing social inclusion through gender sensitization and accessibility awareness programmmes for workers and their families and extending social security measures in partnership mode as envisaged in the Code on Social Security 2020.
Source- PIB 

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