Food Delivery Platforms Fuel 1.37 Million Jobs, Outpace Economy Growth: NCAER Report

• India's food delivery sector employed 1.37 million workers in FY24, growing at a 12.3% CAGR, significantly faster than overall employment.
• Direct employment increased from 1.08 million in FY22 to 1.37 million in FY24, as per NCAER's report.
• The sector boasts the second-highest employment multiplier (3.03 in FY24) among services, creating three additional jobs for every ₹10 lakh output.
• Gross Value of Output (GVO) nearly doubled to ₹1.2 trillion in FY24, and Gross Value Added (GVA) rose to ₹47,588 crore, showing rapid economic scaling.
• Food delivery platforms contribute significantly to the economy, generating ₹20.5 lakh total output for every ₹10 lakh platform output and substantial indirect taxes.

Why It Matters: Food delivery platforms are a major job creator and economic driver, rapidly expanding India's gig economy.