Ola and uber making people lakhpati

I have been a consistent user of meru cabs but more recently because meru doesn't seem to have any open slots for me, I have been using ola, taxiforsure and others.

While I had the opportunity to go via ola to the airport I got talking to the person on how much he makes and I was surprised that his income after all expenses was around 55000 rs per month !!

Now I am not sure about taxes and stuff for them... But I am hoping that these companies do ensure some sort of tax payment cut when they are paying them...that's almost like a 30% tax bracket

Anyways coming back to the point , this person was running his own car and also working for both ola and uber at the same time. So usually he was making quite a few trips on a daily basis ...and hence he had paid off his loan for car and was thinking of buying his second now.

These apps have fueled a significant growth for people. I am sure that earlier also there used to be taxi companies that we would call when we had to go to the train station ... But the extent of the possibility of earnings is mind boggling .

The technology is changing ... And India is changing with it... For the better...

Embrace it... It's simplefinancialsense.