Uber India estimated Rs. According to a report, last year had an economic value of Rs 44,600 crore for the Indian economy. The ride-hailing service has reportedly earned the country’s generated Rs. contributed about 0.8 percent of the 1.5 lakh crore in consumer surplus in 2021. The report also found that 96 percent of riders said a key reason for using the service was the convenience it offered. The company recently bought its 7.8 percent stake in Zomato for about Rs. According to a report, 3,100 crores through the block deal.
According to a report by Public First, commissioned by Uber, the company generated economic value of Rs. 44,600 crore in the year 2021, PTI reported on Wednesday. The report was prepared based on the firm’s payments to drivers, their expenditure on vehicles and additional income.
While the ride hailing service available in major cities of the country has cost Rs. 1.5 lakh crore in consumer surplus last year, it contributed 0.8 per cent to the country’s GDP, according to the Uber 2021 India Economic Impact Report by Public First.
Drivers also earn an estimated Rs. According to the report, Rs 1,700 crore annually through Uber, which is 49 percent more than the next best job option.
The report also noted that riders in the country save 168 million hours annually, and 96 per cent of users said that a key reason for using the service was the convenience it offers.