Scope of Freelancing in India and The Contribution
Scope of Freelancing in India and The Contribution
P R E S E N T E D B Y:
S A C H I N M A U RYA
M.A. IRDM (GOLD MEDALLIST)
The Freelance Revolution & Its Contribution
• Gig work is like doing small, flexible jobs for different people or companies. Instead of having a fixed job,
you work on projects when you want. It can be anything from driving people to doing online tasks. But, it
also means you might not have the same benefits as regular jobs.
In 2019-20, India had 6.8 million Future Projections: Anticipating a Employment Dynamics:: From
freelancers, making up 2.4% of those significant shift, the gig workforce in 2011-12 to 2019-20, the gig economy
working in non-farming jobs and India is projected to reach 23.5 consistently showed strong job
1.3% of the total workforce. The million by 2029-30, forming 6.7% of growth, signaling a unique economic
number rose to 7.7 million in 2020-
the non-agricultural workforce and trend. This means gig workers were
21, accounting for 2.6% of non-
contributing to 4.1% of the total in higher demand than non-gig
agricultural workers and 1.5% of the
livelihood in the country. workers during this period.
overall workforce.
Sectoral Expansion:: Freelancing Currently, 47% of gig work involves Global Comparison:2nd largest freelance
isn't limited to one sector; it's medium-skilled jobs, 22% in high- workforce. As of 2020, the freelance
spreading across many industries. skilled, and 31% in low-skilled jobs. market in India comprised 15 million
Sectors like retail, transportation, The changing trend shows a decline independent workers, particularly in IT,
manufacturing, finance, insurance, in medium-skilled jobs and a rise in finance, HR, and design. A significant 70%
low-skilled and high-skilled jobs, of freelancers exclusively worked in this
and education have all benefited capacity, with almost half dedicating 30
significantly from freelancers. indicating possible shifts in the skill
landscape. hours or less per week to their projects.
Significance of Freelance Market in India
India boasts a thriving freelance market with 15 million independent workers in
Growing Workforce:
2020.
Key sectors such as IT, finance, HR, and design actively engage freelancers
Industry Dynamics:
for project-based work.
Exclusivity in Freelancing: A substantial 70% of freelancers in India exclusively commit to freelance work.
Nearly half, 48%, dedicate 30 hours or less per week to their freelance projects,
Flexible Work Hours:
showcasing flexibility.
Gig workers, with flexible work arrangements, are driving India's freelance economy.
Reports indicate that 56% of new jobs in the country come from the gig economy,
Economic Impact: showcasing its substantial and positive impact on Indian employment and the overall
economy.
Bhopal, Chandigarh,
Key Industries:
Tier 3: 20,000 to Amritsar, Faridabad,
49,999 Ajmer, Mysuru, Srinagar,
Industries poised for growth: technology, services, manufacturing, etc. Agra Etc.
Local talent can benefit these industries.
Tier 4: 5000
Entrepreneurial Spirit:
to 9,999
Recognize strong entrepreneurial spirit in smaller cities. Tier 5:
Residents show a drive for innovation and creating opportunities. 5000 to
9,999
Strategic Expansion:
Tier 6:
Strategic advantage of expanding the gig economy.
<5000
Leads to a more inclusive gig ecosystem, benefiting workers and industries.
Navigating the Freelancing Landscape : (Challenges, Opportunities, and Future Trends)
COLLABORATION TECHNOLOGY
CHALLENGES OPPORTUNITIES FUTURE TRENDS BALANCING ACT
& NETWORKING INTERVENTION
• Freelancers face • Freelancing • Freelancing • Freelancers • In freelancing, • Technology
challenges like offers positives trends include a must balance collaboration plays a vital
Job Insecurity, like flexible surge in remote independence and networking role in
limited access work work, a growing and stability. To are key. freelancing's
to benefits, and arrangements, dependence on secure their • Encourage future.
potential diverse project digital career, they freelancers to • Freelancers
income exposure, and platforms, and should employ build strong should utilize
instability. the chance to a focus on strategies to professional digital tools for
• The impact of build a personal specialized navigate networks for skill
evolving brand. skills. uncertainties accessing enhancement,
technologies • Freelancers can • To thrive, effectively. opportunities project
and market leverage their freelancers and support. management,
competition skills for varied should adapt by and marketing
adds to the projects, embracing to stay
hurdles, creating a remote competitive.
emphasizing versatile opportunities
the need for professional and honing
continuous portfolio for their digital
upskilling to sustained skills to stay
navigate the success. relevant in an
dynamic evolving job
freelance market.
landscape.
Building the Future Together (Recommendations and Conclusion)
Strategic Growth:
• Continuous
Collaborative Initiatives:
skill Professional Development:
development. • Collaborate
• Stay updated within the Adapting to Market Needs:
freelancing • Ongoing
on industry professional Client Relationship
community.
trends. growth. • Understand Building:
• Benefits of
and adapt to
partnerships, • Join market • Build strong
joint projects, freelancing client
associations. demands.
and relationships.
knowledge- • Diversify
sharing. skills based • Effective
on emerging communicati
Conclusion:
trends. on, quality
For freelancers, growing skills, collaborating, and work, and
staying adaptable are key. Strong client meeting
relationships, work-life balance, and collective deadlines.
efforts shape a thriving freelancing future. These
recommendations guide freelancers to a
successful and dynamic journey ahead.