Uber India claims it create Rs44,600 crore in value for the Indian economy in 2021

A study commissioned by a ride-hailing company claims that its services save cities, drivers, and customers money and time

August 25, 2022 8:23 IST | India Infoline News Service

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.

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