NITI Aayog Report on Gig Economy – Indian Economy – Complete Analysis – Free PDF Download

India’s Booming Gig and platform Economy

Perspective and Recommendations on the future of work

Gig Worker

• Those who work outside the traditional employer-employee setting.

Facts and Figures

• The study estimates that in 2020- 21, 77 lakh workers were engaged in the gig economy
• The gig workforce is expected to expand to 2.35 crore workers by 2029-30.

Challenges of Gig Economy

• Issues of accessibility
• Job and income insecurity
• Occupational safety and health risk
• Skills mismatch
• Challenges faced due to terms of contract and weak collectivization

CATALYSING PLATFORMIZATION

• A platform should be made for accelerating platformisation .
• The platform will also provide opportunity to self employed individuals to sell their products and have better access to market.

ACCELERATING ACCESS TO FINANCE FOR PLATFORM WORKERS

• Access to credit should be enhanced by products specifically designed for platform workers
• FinTech and platform businesses may be leveraged to provide cash flow-based loans to workers as against collateral-based loans
• Loans to the platform economy to be classified under PSL norms
• Special emphasis on credit to women and Persons with Disabilities (PwDs)

SKILL DEVELOPMENT FOR PLATFORM JOBS

• Platforms for skilling of workers to be developed in collaboration with Ministry of Skill Development and Entrepreneurship, and the National Skill Development Corporation
• Provisions should be made for transformational upskilling for the workers engaged in informal sector
• Some kind of skill badges should be created which will enable better career progression for the workers

ENHANCING SOCIAL INCLUSION IN THE NEWAGE DIGITAL ECONOMY

• Platform business can take help of Civil Society organisations to sensitise women and PwD’s to take up jobs in this sector
• Platform business can create enabling environment by ensuring higher share of women and PwD managers in organisation
• Women led-platforms or those with disabilities should be incentivized.

EXTENDING SOCIAL SECURITY FOR GIG & PLATFORM WORKERS IN INDIA

• Measures for sick leave.
• Occupational Disease and Work Accident Insurance
• Retirement/Pension Plans and Other Contingency Benefits
• Support to Workers in a Situation of Irregularity of Work for providing assured minimum earnings

RECOMMENDATIONS FOR FUTURE ESTIMATIONS OF PLATFORM WORKERS

• Undertake an exercise to estimate the size of gig economy.
• During enumeration capture the different occupations an individual might be performing.
• Make a questionnaire to identify gig workers.

THE FUTURE OF PLATFORM ECONOMY: A RESEARCH AGENDA

• Survey of small platforms
• Women run platforms
• Are platforms leading to formalisation or employment
• Contribution of the Platform economy to India’s GDP.

UPSC Mains Question (10 Marks)

Q. Explain the role of gig economy in the process of empowerment of women in India?

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