Delhi is the India’s no. 1 choice for gig economy
Delhi created maximum jobs for the gig economy in the country.
Delhi created maximum jobs for the gig economy in the country.
Brief:
Mint reports that 56% of new employment in India is being generated by the gig economy.
Gig economy has blue-collar and white-collar jobs.
In the past six months Delhi-NCR added nearly half of the entire gig economy jobs.
What does it mean?
Gig economy has created 13 lakh jobs in the past six months, ending on 31st March 2019. Delhi-NCR’s share was 560,600 jobs.
It is nearly double of what Delhi had added in the first half of the last fiscal, starting April 1, 2018 till September, 2018.
Food delivery firms Swiggy and Zomato, and ride hailing firms Uber and Ola have created maximum jobs.
Why does it matter for Delhi-NCR?
Startups are absorbing the low skilled workers in the economy. So, it’s good for the economy as a whole.
Workers get wages between INR 15,000 to INR 20,000 per month. It’s good for the workers.
However, they do not get health or insurance benefit, as it is not mandatory by law.
What is the big picture?
Though, startups are creating new jobs, they are temporary in nature. If startups fail, jobs will go.
Gig economy jobs affect existing businesses. They are not able to attract workers at lower wages and salaries.