Harsh Jain
The outbreak of the Covid-19 pandemic upended work and the job markets across the globe. With businesses disrupted and restrictions maximized, the roaring job market instantly came to a standstill. Organizations had to pivot to remote work overnight and several project deadlines were pushed unforeseeably as business leaders tried to navigate the quagmire. But the pandemic-induced working models and changing dynamics blurred the age-old barriers to flexible working arrangements. As work became untethered from the office, organizations began to eye the global talent market rife with freelancers and gig workers.
Freelancers and contractual employees offered a new hope on the horizon to countless struggling businesses.
Many countries began to witness a sudden surge in demand for freelancers. India saw the second-most surge after the Philippines for freelancers and gig workers. According to reports, India’s freelance community is projected to grow to $20-30 billion by 2025. It is also forecasted that the online freelance marketplace could add $2.7 trillion to the global GDP by 2025. Continuing at the pace with which the freelance community is growing and adding freelancers and gig workers to the economy, these forecasts could soon be a reality. Let us understand more about India’s gig economy and the key enablers responsible for this growth trajectory.
Change in the gig economy post pandemic
The pandemic brought to light the vulnerability and the frailty of gig...
Read Full Story: https://timesofindia.indiatimes.com/blogs/voices/new-rise-in-indias-freelance-community-in-2022/
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