Business Standard

Here's how India's gig economy and its $5-trn goal by 2025 are connected

By upgrading or augmenting skills, equipping modern tools for better efficiency, people at gig jobs can earn more, some becoming even micro-entrepreneurs

India's gig economy for jobs and 5 trn goal
Premium

Dhanendra Kumar, former chairman of Competition Commission of India, executive director for India at World Bank

Dhanendra Kumar
India is experiencing a seismic shift in its work culture today. Young people don’t want to be stuck in jobs where they have to work long hours for minimal pay. These individuals are finding sustainable employment opportunities in the country’s rapidly growing gig economy. Some more aspirational are becoming micro-entrepreneurs.
 
India has always had a large reserve of informal gig workers. The pandemic pushed a lot of them out of work. Just between March and April 2020, CMIE data showed that a whopping 113.6 million people lost their jobs. 
 
As people went searching for new jobs, with many industries being

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