The increasingly digitalizing world requires a regulatory framework at this juncture. Some of the developed countries have taken legislative initiatives for the gig business model or are underway of incorporating the regulatory framework. India has gone an extra mile to club the gig workers under the umbrella of the unorganized sector and attempted towards universal social protection. This paper elucidates the regulatory framework in India comprehending the views of gig workers. The findings revealed the exploitation of platforms, distorted employment relations, negligence of the state and plea for legislative remedies. While the new Labor Codes have instigated groundwork to simplify the provisions, the employment regulation and social security for the burgeoning platform workforce have a long way to go.