In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could ear...
MUMBAI/NEW DELHI - In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall.
“There is no benefit in driving for Uber ... my life was much better just as a cook,” said 26-year-old Raut. To be sure, many drivers from Uber are still earning more than they could get in other blue-collar jobs in India. The national minimum wage in India is only about $2.50 a day. Uber started its India operations in 2013, three years after local rival Ola launched a ride-hailing service. Both are backed by Japan’s Softbank Group Corp. Ola, which operates in 125 cities in India, last year said it plans to go public in four years.
In early 2017, the company slashed incentives by around 30 percent overnight, said three former Uber India executives, who declined to be named.
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