New Delhi, July 28: A recent report indicates that India’s gig internet workforce could nearly triple by 2030, growing from 17 million to approximately 21 million monthly active workers. Currently, around 6 million individuals are engaged through gig internet platforms, with an anticipated compound annual growth rate (CAGR) of 24 to 29 percent.
According to the report by RedSeer Strategy Consultants, the gig workforce in sectors like delivery, ride-hailing, and home services could fulfill nearly 70 percent of the 8 million non-agricultural jobs created annually in the country by 2030.
The report forecasts that the ride-hailing sector will employ the largest number of gig workers, ranging from 12 million to 14 million. Following this, the delivery sector is expected to have between 5 to 7 million workers, while home services may see 20,000 to 30,000 individuals.
Additionally, the report highlights that over 30 percent of the projected gig workforce may be entering the job market for the first time. Among current gig workers surveyed, approximately 54 percent reported that they were not employed in any salaried position before joining gig platforms.
Based on a survey of 2,250 gig workers, the report states that full-time gig workers earn up to 2.5 times more than those in similar formal and informal jobs. The average earnings for gig workers stood at ₹138 per hour, compared to ₹54 per hour for their formal and informal counterparts.
In terms of monthly net income, gig workers in home services led the way, earning an average of ₹70,000 to ₹80,000 per month. Ride-hailing drivers earned between ₹37,000 to ₹39,000, while delivery workers averaged ₹22,000 to ₹23,000 monthly.
Anil Kumar, founder and CEO of RedSeer Strategy Consultants, stated that over the past decade, gig internet work has become a crucial part of India’s workforce. These platforms have provided millions with flexible, demand-driven employment opportunities, opening new avenues for livelihoods in both formal and informal sectors.
The report also notes that nearly 70 percent of gig workers believe that working in this sector has improved their future employment prospects. Additionally, these platforms have allowed them to acquire valuable skills such as customer management, navigation, and financial planning.
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