India’s gig economy expands rapidly, government steps up worker welfare measures

September 1, 2025 11:26 AM

India’s gig economy expands rapidly, government steps up worker welfare measures

India’s fast-growing gig and platform workforce is reshaping the world of work, creating new opportunities in urban and semi-urban centres while also posing significant challenges around social security and worker protection. With its half-a-billion-strong labour force, the world’s youngest demographic profile, rapid urbanisation, and widespread smartphone penetration, the country is emerging as a global hub for gig-driven transformation, according to official data. The gig economy, broadl...

PM-SYM: Govt’s pension scheme for unorganised workers ensuring social security

March 4, 2025 7:48 PM

PM-SYM: Govt’s pension scheme for unorganised workers ensuring social security

The Pradhan Mantri Shram Yogi Maandhan (PM-SYM) is a pension scheme launched by the Government of India to provide financial security to workers in the unorganised sector. Recognizing their immense contribution to nearly 50% of the country’s GDP, this voluntary and contributory scheme guarantees a minimum monthly pension of ₹3,000 after the age of 60 to workers earning up to ₹15,000 per month. Unorganised workers form the backbone of India’s economy, including home-based workers, street...