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The impact of the gig economy on the Indian workforce
The impact of the gig economy on the Indian workforce

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The gig economy has emerged as a transformative force in India, fundamentally altering the way people work, how businesses operate, and the structure of employment itself. Characterized by short-term contracts, freelance work, and flexible working hours, the gig economy provides an alternative to traditional full-time employment, and it is reshaping the Indian workforce at an unprecedented scale.

With the proliferation of digital platforms like Uber, Zomato, Swiggy, and Upwork, the gig economy is rapidly expanding, offering a range of opportunities across various industries. While it presents significant advantages like flexibility and income potential for workers, it also raises concerns about job security, benefits, and long-term financial stability. As India positions itself as a major player in the global economy, understanding the impact of the gig economy on its workforce is crucial for the country’s socio-economic development.

India, with its large and young labor force, has witnessed an exponential rise in gig work over the past decade. According to a report by the Boston Consulting Group, around 15 million people were engaged in gig work in India as of 2022. This number is expected to grow substantially as more individuals opt for freelance and contract-based work over conventional employment.

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