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February 6, 2025 at 12:37 PM
India and Gig Economy
In 2020, 7.7 million workers were engaged in the gig economy.
The gig workforce is expected to expand to 23.5 million workers or 4.1% of total workforce by 2029-30.
At present about 47% of the gig work is in medium skilled jobs, about 22% in high skilled, and about 31% in low skilled jobs.
Its contribution to India’s gross domestic product (GDP) is estimated to be substantial, with the potential to add 1.25% to GDP by 2030, and create 90 million jobs in the long term.
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