India’s cab drivers could pocket Rs 1.36 lakh more
India's ride-hailing industry, now the world's third-largest by revenue, is facing pressure to overhaul its economics according to new research. The study by Open Network for Digital Commerce (ONDC) suggests drivers could take home nearly Rs 1.4 lakh more annually under a zero-commission model built on open digital networks. India's app-based taxi market, valued at USD 7.53 billion in 2024, is projected to grow at 9.09% annually to reach USD 11.64 billion by 2029, with 380.6 million riders.
The sector is a cornerstone of urban transport and employment, with Uber alone working with over a million drivers in India, and Ola engaging 2.5 million drivers across two-, three-, and four-wheeler categories.
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