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

Business Today

Business Today · 3m ago

This silent workforce is draining $15 billion a year. India’s biggest crisis hides in plain sight - This silent workforce is draining $15 billion a year. India’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.

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