India's Platform Economy Soars, But Gig Worker Benefits Lag: IMF Executive

• India's platform economy has grown nearly 5 times in the past decade, serving consumer needs well according to IMF executive director Subramanian • Report studied 10 digital services firms in India, found they offer some benefits like insurance but pensions and health insurance remain challenging • Share of gig & platform workers in India's workforce increased from 0.54% in 2011-12 to 1.33% in 2019-20 • Entrepreneurs need to invest in innovation to achieve scale and create jobs according to Subramanian • India has potential to grow platform economy further due to public digital infrastructure already in place