India’s gig workforce is predicted to increase to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report stated on Monday, and really useful extending social safety measures for such employees and their households in partnership mode as envisaged in Code on Social Security.
The report titled ‘India’s Booming Gig and Platform Economy’ additional stated gig employees are anticipated to type 6.7 per cent of the non-agricultural workforce or 4.1 per cent of the entire livelihood in India by 2029-30.
Gig employees will be broadly categorised into platform and non-platform employees. Platform employees are these whose work is predicated on on-line software program apps or digital platforms whereas non-platform gig employees are usually informal wage employees, working part-time or full- time.
Gig employees choose a versatile work schedule, sometimes with low to center stage of training. Income by way of gig work just isn’t their main supply of revenue and they’re usually holding one other common job.
According to the NITI report, it’s estimated that in 2020-21, 77 lakh employees had been engaged within the gig financial system they usually constituted 2.6 per cent of the non-agricultural workforce or 1.5 per cent of the entire workforce in India.
Similarly, it estimated that there have been 68 lakh gig employees in 2019-20, utilizing each principal and subsidiary standing, forming 2.4 per cent of the non-farm workforce or 1.3 per cent of the entire employees in India.
The report identified that the employment elasticity to GDP progress for gig employees was above one all through the interval 2011-12 to 2019-20, and was all the time above the general employment elasticity.
To harness the potential of the gig-platform sector, the report really useful accelerating entry to finance by way of merchandise particularly designed for platform employees, linking self-employed people engaged within the enterprise of promoting regional and rural delicacies, avenue meals, and many others, with platforms to allow them to promote their produce to wider markets in cities and cities.
Other suggestions embrace enterprise a separate enumeration train to estimate the dimensions of the gig-platform workforce and accumulating info throughout official enumerations.
As per the report, when it comes to industrial classification, about 26.6 lakh gig employees had been concerned in retail commerce and gross sales, and about 13 lakh had been within the transportation sector.
About 6.2 lakh had been in manufacturing and one other 6.3 lakh within the finance and insurance coverage actions, it added.
At current, about 47 per cent of the gig work is in medium expert jobs, 22 per cent in excessive expert, and about 31 per cent in low expert jobs.
According to the report, the development exhibits the focus of employees in medium abilities is steadily declining and that of the low expert and excessive expert is growing.
It could also be anticipated that whereas the domination of medium abilities would proceed until 2030, gig work with different abilities will emerge, the report added.
The report famous that the quickly burgeoning gig workforce is ushering in a brand new financial revolution globally.
India – with its demographic dividend of half-a-billion labour drive and the world’s youngest inhabitants, speedy urbanisation, widespread adoption of smartphones and related know-how – is the brand new frontier of this revolution, it added.
The report identified that there’s an rising constructive development that means girls usually tend to take up platform jobs after their training and marriage.
It prompt bridging ability gaps by finishing up periodic assessments and partnering with platform companies for onboarding expert girls and individuals with disabilities.
The report pitched for incentivising inclusive companies – girls led-platforms or platforms that encourage recruitment of ladies staff and people with disabilities.
Speaking on the event, NITI Aayog Vice Chairman Suman Bery stated the report will develop into a precious data useful resource in understanding the potential of the sector and drive additional analysis and evaluation on gig and platform work.
Source: www.financialexpress.com”