Growth of Gig Workforce in India by 2047
The gig economy is rapidly evolving in India. Recent studies predict that by 2047, the gig and platform workforce will reach 62 million. This will represent about 15 per cent of the total non-agricultural workforce. Technological advancements and changing labour preferences are key drivers of this growth. The VV Giri National Labour Institute conducted a study using data from a 2022 NITI Aayog report. This study indicates doubling of gig workers in the coming years.
Current Landscape of the Gig Economy
The gig economy in India began with sectors like ride-sharing and food delivery. It has now expanded into healthcare, education, creative services, and professional consulting. In 2020, over 3 million workers were employed by around 11 platform companies. By 2030, this number is expected to grow to 23 million, making up 7 per cent of the non-agricultural workforce.
Future Projections and Growth Potential
The VVGNLI study suggests a compounding growth pattern. Under optimistic conditions, the gig workforce could reach 90.8 million jobs by 2047. However, external factors such as technological disruptions and economic shocks could limit growth to 32.5 million. This uncertainty marks the volatility of the gig economy.
Rights and Recognition of Gig Workers
The study stresses the importance of recognising gig workers’ rights. Collective bargaining and unionisation are essential for better pay and working conditions. Many countries, including the UK and Canada, legally recognise gig workers. India needs to establish clear criteria to differentiate between employees and independent contractors.
Challenges Faced by Gig Workers
Gig workers often struggle with job security and financial dependency. The lack of clarity in their classification affects their access to labour laws and social security. It is crucial to secure recognition for full-time gig workers to access these safeguards.
Recommendations for Improvement
The study recommends several measures to improve the gig economy. These include ensuring a minimum income, fair working hours, and algorithmic accountability. Streamlined grievance resolution processes and worker empowerment through training are also necessary. Establishing a national registry for gig workers can help ensure access to social security.
Conclusion on the Gig Economy’s Future
The gig economy is poised for growth in India. However, addressing the challenges faced by gig workers is essential for sustainable development. Clarity in worker classification and rights recognition will play a critical role in shaping the future of this sector.
| Related | |
|---|---|
