Gig workers in India to grow ‘threefold’ by FY30
India’s gig workforce will grow more than three-fold from 7.7 million in fiscal year (FY) 2021 to 23.5 million by FY30, said think tank Niti Aayog.
Construction, manufacturing, transportation and logistics would be the four prime sectors driving such jobs.
In a report, Aayog disclosed that this massive headcount is expected to form 6.7% of the non-agricultural workforce or 4.1% of the total livelihood in India by 2029-30.
The study has been built on assumptions derived from macro and micro studies. The data for the study has been derived from surveying 3,300 platform workers and 1,700 non-platform workers conducted across 12 cities in India, in late 2019.
Gig workers are those engaged in livelihoods outside the traditional employer-employee arrangement.
Currently, more than 75% of the companies have less than 10% gig headcount, but this proportion is bound to rise with multi-national companies turning to flexible hiring options.
At present, about 47% of the gig work is in medium skilled jobs, about 22% in high skills, and about 31% in low skilled jobs.
Niti Aaayog added that the trend shows “the concentration of workers in medium skills is gradually declining and that of the low skilled and high skilled is increasing.”
