Stating that the way forward for work is quickly altering, the Niti Aayog has estimated India’s gig workforce will develop greater than three-fold to 23.5 million by FY30 from 7.7 million in FY21. Construction, manufacturing, transportation and logistics can be the 4 prime sectors driving such jobs.
“It is estimated that in 2020-21, 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 23.5 million workers by 2029-30. They are expected to form 6.7% of the non-agricultural workforce or 4.1% of the total livelihood in India by 2029-30,” the Aayog mentioned in a report.
It, nevertheless, mentioned the ‘estimation is only indicative and may not represent the true size of the gig workforce’ as a result of restricted information availability. The examine has been constructed on assumptions derived from macro and micro research. The information for the examine has been derived from surveying 3,300 platform staff and 1,700 non-platform staff performed throughout 12 cities in India, in late 2019.
Gig staff are these engaged in livelihoods outdoors the normal employer-employee association. A subset of the gig financial system, platform staff are these whose work relies on on-line software program apps or digital platforms like Zomato and Swiggy.
A comparatively new idea, gig financial system obtained its wings within the nation, notably throughout the pandemic days when mobility was a constraint. According to Niti Aayog, an estimated 6.8 million gig staff have been there within the nation in 2019-20, forming 2.4% of the non-farm workforce or 1.3% of the nation’s whole staff.
Quoting numerous research, the Niti Aayog report means that building, manufacturing, transportation and logistics have the potential to provide highest quantity, over 70 million, ‘gigable’ jobs in future. However, the gig financial system is fast-expanding and its presence could be seen in different industries reminiscent of textiles, banking and monetary companies, electrical energy, gasoline and water, actual property, IT and ITeS, training and private companies.
Currently, greater than 75% of the businesses have lower than 10% gig headcount, however this proportion is sure to rise with multi-national corporations turning to versatile hiring choices.
The Niti Aayog report mentioned that at current, about 47% of the gig work is in medium expert jobs, about 22% in excessive expert, and about 31% in low expert jobs. “Trend shows the concentration of workers in medium skills is gradually declining and that of the low skilled and high skilled is increasing,” it mentioned.
India has already emerged as one of many world’s largest international locations for flexi-staffing – gig and platform work – and that this type of work will doubtless proceed to develop with the rise in e-commerce platforms.
To harness the potential of the gig-platform sector, the report recommends accelerating entry to finance by means of merchandise, particularly designed for platform staff, linking self-employed people engaged within the enterprise of promoting regional and rural delicacies, avenue meals and so on, with platforms to allow them to promote their produce to wider markets in cities and cities.
Source: www.financialexpress.com”