The revenue potential of bike-taxis in India is estimated to be USD 4-5 billion along with ability to generate over 2 million livelihood opportunities, a study by Ola Mobility Institute has said.
It suggests that the key to effectively governing bike taxis as a mobility category lies in "providing coherent legal clarity, integration of public transit systems, allowing access to formal credit for driver entrepreneurs and creating a level-playing field for all stakeholders".
The report estimated the revenue potential of bike-taxis at USD 4-5 billion along with generation of over 2 million livelihood opportunities.
The central government has paved the way for States to formulate policies for bike-taxi operations, but only a few States and Union Territories currently regulate this category, it said.
"State governments can unlock the potential of bike-taxis as an affordable, efficient, fast and a safe mode of transportation to help India become a five trillion-dollar economy," the study said.
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