What is the future of the gig economy in India?

The workforce of the gig economy is anticipated to rise three times (X3) from 7.7 million in 2021 to 23.5 million in 2030. Currently, medium-skilled employment makes up almost half (47%) of gig work, with low-skilled jobs coming in second (31%), followed by high-skilled jobs (22%).

The gig economy offers both mutual benefits to organizations and job seekers. From the employer's perspective, the gig economy enables businesses to hire flexibly in a shorter term. Hence, reduce manpower costs and avoid layoffs.

From the worker's perspective, it has opened a door for individuals who were previously excluded from their stable employment. Learn more about the future hiring trends in Asia.