Potential of the Gig Economy in India

Rationale/Causes

• Unconventional Work Approach by Millennials: Millennials have a poor image of full-time job due to the hectic lifestyles of private sector workers. Millennials are more likely to choose freelancing options than corporate work cultures due to factors including growth prospects, flexibility, better work-life balance, and the chance to work without a college degree.
• Development of a Start-up Culture: India's start-up ecosystem has been expanding quickly. Due to the high fixed costs associated with recruiting full-time staff for start-up businesses, contractual freelancers are used for non-core tasks.
• MNCs are Hiring Contract Workers: To cut operational costs following the pandemic, MNCs are ....