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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
Issue per Year : 12
Volume Published : 11
Issue Published : 118
Article Submitted : 21513
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| Paper Title: | Challenges and Opportunities in the Development of GIG Economy in India |
| Authors Name: | Dr.M.Sateeshnadha Reddy |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJRTI_184884
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| Published Paper Id: | IJRTI2212062 |
| Published In: | Volume 7 Issue 12, December-2022 |
| DOI: | |
| Abstract: | Gig economy has various benefits for the economy, cushioning unemployment, improving labour force participation, stimulating demand, and raising productivity. Consumers and organizations could benefit from the greater availability of services and improved matching that better fulfils their needs. This paper examines the opportunities and challenges that come with the fast growth of Gig economy. Instead of working for an employer, workers in the gig economy take on temporary employment or perform discrete tasks that are paid independently. India is one of the top nations in the world where the gig economy culture is expanding, according to the global freelancing and crowdsourcing marketplace Freelancer.com. Top trends in the gig economy are being seen in India, including the use of gigs by the retired population, blockchain-based payment systems, the growth of marketplaces, technology taking over hiring, and more contractual hires by existing businesses. The gig economy benefits the economy in several ways, including reducing unemployment, boosting labour force participation, increasing demand, and improving productivity. Both consumers and businesses may profit from more service availability and better service matching that more effectively meets their demands. It also has several drawbacks, such as lowering salaries. It creates episodic working lives. It shifts risk onto regular people, which is a source of rising stress and mental illness. The benefits of pensions, sick leave, paid holidays, and parental leave are not included with gig labour. Mortgage lenders are hesitant to make loans to people with unstable employment. The study also examines suggestions for the government, people, and businesses to assist them capitalise on the advantages of the gig economy. |
| Keywords: | Fourth Industrial Revolution, Gig Economy, Autonomous Work, Unemployment and Block chain |
| Cite Article: | "Challenges and Opportunities in the Development of GIG Economy in India", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.7, Issue 12, page no.455 - 459, December-2022, Available :http://www.ijrti.org/papers/IJRTI2212062.pdf |
| Downloads: | 000205377 |
| ISSN: |
2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2212062
Registration ID:184884
Published In: Volume 7 Issue 12, December-2022
DOI (Digital Object Identifier):
Page No: 455 - 459 Country: Tirupati, Andhra Pradesh, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2212062 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2212062 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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