INDIA’S NUMBER OF GIG WORKERS ENGAGED IN

India's gig economy has experienced significant growth in recent years and is poised for

continued expansion. In the 2020-21 fiscal year, the country had approximately 7.7 million gig workers, a number projected to surge to 23.5 million by 2029-30, representing about 4.1% of the total workforce.

The gig economy's market size is expected to grow at a compound annual growth rate (CAGR) of 17%, reaching a gross volume of USD 455 billion by 2024. This expansion is anticipated to contribute significantly to India's economy, with the potential to add 1.25% to the country's GDP by 2030 and create up to 90 million jobs over time.