The Gig Economy in India: Unpacking the Economic and Social Implications

Abstract

The gig economy, a labor market where freelancing or short-term contracts are more common than permanent positions, has grown significantly on a global scale in recent years. The country of India has experienced a notable transition to a gig economy due to a combination of factors including employer preferences, worker demographic changes, and swift technological progress. The gig economy includes a broad spectrum of occupations, including independent graphic designers, content producers, and IT specialists, as well as ride-hailing firms like Uber and Ola. Digital platforms that bypass traditional employment intermediaries and link workers directly with consumers or businesses generally facilitate these activities.