Gig Economy in India – Benefits, Limitations and Suggestions

Gig-Economy-in-India-upsc

From Current Affairs Notes for UPSC » Editorials & In-depths » This topic

The Covid-19 pandemic has brought several things into the limelight. One such thing is the importance of gig workers and their contribution to the economy. The NITI Aayog report on ‘India’s Booming Gig and Platform Economy’ further accentuated how the sector is going to be a key driver in the post-pandemic recovery.

Gig economy - About

  • The term 'gig' is an informal word usually meaning a job that lasts for a specified period.
  • A gig economy is a free market system where temporary positions are common and organisations hire independent workers for short-term commitments.
  • The NITI Aayog’s report on ‘India’s Booming Gig and Platform Economy’ consid

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