India, Dec. 19 -- India's food delivery platform sector generated INR1.2 lakh crore in gross output in 2023-24 and has been expanding at a rate faster that of the overall economy, thus emerging as a powerful economic engine according to an NCAER-Prosus report.

Direct employment by the sector increased to 1.37 million in 2023-24 from 1.08 million workers in 2021-22.

This formed a 0.2 per cent share of total workers in both 2021-22 and 2023-24, said the report titled 'Impact of Food Delivery Platform on the Indian Economy: GDP, Employment and Taxes'.

Employment in the sector grew at a CAGR of 12.3 per cent between 2021-22 and 2023-24, compared to all-India CAGR of 7.9 per cent, it added.

In terms of multiplier effect, the report noted t...