Aggregators hail social security for gig workers

India’s platform economy spanning e-commerce, quick-commerce, and ride-hailing, has largely welcomed the Centre’s move to operationalise the Code on Social Security (CoSS), 2020, terming it a necessary step toward formalising the country’s gig workforce.

The notification mandates aggregators to contribute 1-2% of their annual turnover, capped at 5% of the amount paid or payable to such workers, toward a social security fund.