15-20% of economy informal now as against 52% in FY18; digitisation, gig economy key drivers: Study
Alternative work arrangements in the gig economy have the potential to absorb more women and increase their participation in the workforce with some amount of reskilling, according to a latest study.
Considered to be the LinkedIn for gig workers, the platform already has 10 million users including delivery riders, sales persons, salon workers, drivers, others.
Workers say company's new terms have reduced their earnings after lockdowns to contain the coronavirus.
India's IT industry has the largest base of independent contractors in the world, but they remain outside the purview of labour regulations
The decision that threatens its business model and holds broader implications for the so-called gig economy
India has emerged as one of the largest countries for flexi-staffing or gig and platform workers, the survey said
Gigindia, started by engineering students Sahil Sharma and Aditya Shirole, provides remote working opportunities to 5,000 people and plans to ramp this to 100,000 by 2025
According to a Nasscom report, it will emerge a pioneer in this new workforce model over the next 2-5 years
Globally, there have been public debates on the nature of the job of gig workers and the social security framework they deserve to get.
The ballot proposal by Uber and its allies had sought that app-based food delivery and ride-hail drivers' status should remain 'independent contractors', not be changed to employees
Over 1 million workers set to join new regime in first year
At a time when the COVID-19 pandemic has disrupted the job landscape, gig employment is gaining ground and is offering huge potential for both blue-collar as well as white-collar workers.
Tech platform for blue-collar workforce management Betterplace has said the overall demand for jobs in 2020 will be 1.4 mn and the gig economy will lead 80% of overall demand
The new labour laws will be made effective by the government later
This survey of 770 ride-sharing drivers, delivery workers, and housecleaners using digital platforms was conducted in August 2020, as Covid-19 cases were surging across in India
Flourish Ventures, a global fintech venture capital fund, today published the fourth country report in its five-part series tracking the economic struggles of gig workers during Covid-19
The codes envisage setting up of a social security fund for 400 million unorganised workers along with the GIG and platform workers
Workers will be entitled to life and disability cover, accident insurance, health and maternity according to proposal to be introduced in Lok Sabha today.
Code approved by Cabinet will also have provisions enabling self-employed workers to make voluntary contribution towards EPF schemes; Gig workers to enjoy ESIC benefits as well