25 Aug 2022 , 08:49 AM
Uber's on-demand service for users, drivers, and the general public created Rs 44,600 crore in value for the Indian economy in 2021, according to a report commissioned by the ride-hailing business on Wednesday. Uber produced Rs1.5 trillion in consumer surplus in 2021, according to a report by Public First, a public policy research organization. This is equal to 0.8% of India's GDP (GDP).
The survey from Public First found that up to 96% of users stated they choose Uber because it was convenient. Uber saves users more than 16.8 billion hours a year. According to the analysis, Uber driver-partners will generate an additional Rs1,700 crore in revenue in 2021, which is an average of 49% higher than their next-best alternative employment.
According to the report, as much as 97% of female passengers stated safety played a significant role in their decision to use Uber. According to the report, 76% of female riders believe it is now simpler to travel home late at night. Up to 84% of riders without access to a car claimed that having ridesharing services like Uber available influenced their decision to forgo purchasing a car. The research stated, "Overall, we estimate that 1 in 4 Uber journeys link with public transportation."
According to Indian passengers, ridesharing represents the most important transportation innovation in a decade.
According to Prabhjeet Singh, head of Uber India and South Asia, "Our experience over the past nine years in India has made a tremendous contribution to our economy." Uber helped the Indian economy gain access to an estimated Rs 446 billion in value during a difficult period in 2021 that was characterized by a harsh second Covid wave.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.