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ARTICLE · 09 JULY 2024

Balancing Flexibility And Security: Employment Status And Social Security For Platform Workers In India

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The rapid expansion of platform workforce is ushering in a new global economic revolution, with India positioned at the forefront of this transformation.

IndiaEmployment and HR
Raveena Anand
Raveena Anand
Somya Bhargava
Somya Bhargava
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The rapid expansion of platform workforce is ushering in a new global economic revolution, with India positioned at the forefront of this transformation. With the world's youngest population, rapid urbanization, and widespread adoption of smartphones and related technology, India is uniquely poised to lead this change. According to the 2022 report by India's public policy think tank, NITI Aayog, titled ‘India's Booming Gig and Platform Economy' (‘NITI Aayog Report'), the Indian gig workforce is projected to rise to 2.35 crore workers by 2029-30, a 200% increase from the current 77 lakhs. By 2029-30, gig workers will form 4.1% of India's total workforce, rising from 1.5% in 2020-21.

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