Uber India unlocked INR 446 billion in economic value in 2021: Report
Written byAt Uber, we are constantly reimagining the future of mobility. Using our technology and global expertise, we have evolved to revolutionize movement and helped save time, expand mobility options, and provide flexible earning opportunities for thousands of drivers in India.
Uber’s 2021 India Economic Impact Report, compiled by Public First, highlights how we have helped transform the on-demand economy for riders, drivers, and the wider community by generating INR 446 billion in value for India’s economy in 2021.
The report takes a deeper look into the factors behind this economic contribution and the enhancement of safety and sustainability of the industry.
Key findings of the report include:
Uber’s contribution to the Indian economy
- Uber created an estimated INR 446 billion in economic value for the Indian economy
- Uber produced INR 1.5 trillion in consumer surplus in 2021, which is equivalent to 0.8% of GDP
Impact on riders and drivers, and communities
- 96% of riders say that convenience is an important reason they use Uber. In a normal year, we estimate that Uber saves riders over 168 million hours a year. In fact, as per Indian riders, ridesharing is the most significant transport innovation they have experienced in the last decade
- In total, in 2021, we estimate that driver-partners earn an additional ₹17 billion a year in higher income through Uber, or an average of 49% more than their next best alternative type of work
Safety & Improving Access
- 97% of female riders say that safety is an important factor in their choice to use Uber, and 76% of female riders agree that it is now easier to get home late at night
- 84% of riders without access to a car said the availability of ridesharing services like Uber was important to their choice of not owning a vehicle
- In total, we estimate that 1 in 4 Uber trips connect with public transport
You can read the full report, including the methodology here.
* One of the most important measures of economic welfare – the amount you would pay someone to voluntarily give up a good or service. If a good has a zero consumer surplus, that implies we can take or leave it – whereas goods with a high consumer surplus are playing an important role in our lives.