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What is the News?
NITI Aayog has released a report titled ‘India’s Booming Gig and Platform Economy’.
What is “India’s Booming Gig and Platform Economy” Report?
Click Here to read about the report
What are the other findings of the report?
LFPR of Women and Person with Disabilities
The Female Labour Force Participation in India has remained low varying between 16% to 23% in the last few years.
Similarly, Persons with Disabilities who make up 2.11 to 10% of India’s population have a labour force participation rate of 36%.
Structural barriers like access to education and lack of skilling have hindered the participation of the two demographic groups in the country’s labour force.
What are the recommendations of the report?
Fiscal incentives such as tax breaks or startup grants may be provided for businesses that provide livelihood opportunities where women constitute a substantial portion (30%) of their workers.
Businesses should have a higher share of women managers and supervisors in the organization to ensure that communication to workers does not perpetuate gender stereotypes.
Adopt policies that offer old age or retirement plans and benefits, and other insurance covers for contingencies such as injury arising from work that may lead to loss of employment and income.
Source: The post is based on the article “Niti Aayog’s report on India’s gig economy: what has the think-tank recommended?” published in Indian Express on 29th June 2022
