A major shift in the employment trends has been the rise of gig economy globally. Gig economy is a free market system in which organisations hire or contract workers for a short span of time. According to a report by Boston Consulting Group, India’s gig workforce comprises 15 million workers employed across industries such as software, shared services and professional services. An estimated 56% of new employment in India is being generated by the gig economy companies across both the blue-collar and white-collar workforce. Another study indicates that Gig economy is gaining a foothold in Tier 2 and Tier 3 markets. According to the Code on Social Security, 2020, “A gig worker is a person who performs work or participates in work arrangements and earns from such activities, outside of the traditional employer-employee relationship.” In today's episode of perspective we will discuss and analyse the scope, implications and challenges for gig economy.

Anchor:- Vishal Dahiya

Producer:- Sagheer Ahmad

1. A. K. Bhattacharya, Editorial Director, Business Standard

2. Rajeev Mantri, Founder & MD, Navam Capital

3. S. K. Jindal, Chairman, Investment & Capital Markets, ASSOCHAM



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