Uber India created Rs 44,600 cr in value for economy in 2021: Report

Uber generated Rs 44,600 crore in value for the Indian economy in 2021 with its on-demand service for riders, drivers, and the wider community, said a report commissioned by the ride-hailing company on Wednesday.

The report by Public First, a public policy research agency, said Uber produced Rs 1.5 trillion in consumer surplus in 2021: an amount equivalent to 0.8 per cent of India’s gross domestic product (GDP).

As many as 96 per cent of riders said they use Uber because it is convenient, according to Public First’s report. Uber saves riders over 16.8 crore hours a year. The report estimated that in in 2021 driver-partners earned an additional Rs 1,700 crore in income through Uber, or an average of 49 per cent more than their next best alternative type of work.