News on Medial

This silent workforce is draining $15 billion a year. Indiaโ€™s biggest crisis hides in plain sight - This silent workforce is draining $15 billion a year. Indiaโ€™s biggest crisis hides in plain sight BusinessToday

Business TodayBusiness Today ยท 1m
This silent workforce is draining $15 billion a year. Indiaโ€™s biggest crisis hides in plain sight - This silent workforce is draining $15 billion a year. Indiaโ€™s biggest crisis hides in plain sight   BusinessToday

India's gig economy, quietly revolutionizing informal work, affects 500 million workers. Despite contributing an estimated 1.25% to GDP by 2030 with 23 million construction, 19 million manufacturing, and 18 million transportation jobs, systemic failures cost $15 billion annually. Gig workers include financially strapped solo earners and aspiring entrepreneurs. A significant portion of workers face underemployment, while gig roles in households are rising. Background checks and platform use are pivotal for reliability and pricing transparency.

Comments

Download the medial app to read full posts, comements and news.