Authors : Vishal R. Tomar; Ravi Rakesh Singh

Volume/Issue : MMK:ACE-2023

Google Scholar : http://tinyurl.com/487x5rte

Scribd : http://tinyurl.com/mmjre6sk

DOI : https://doi.org/10.5281/zenodo.10478394

Abstract : India's gig economy, marked by short-term, flexible digital work, is rapidly evolving. This paper explores its growth, challenges, and opportunities. The shift to decentralized work could generate 90 million jobs, contribute $250 billion, and add 1.25% to the GDP. Job security concerns persist, emphasizing the need for clear regulations. The research methodology involves analyzing existing literature, reports, and government documents. Presently, the gig economy offers economic empowerment and entrepreneurial opportunities across sectors. Emerging trends include specialization, hybrid work models, and remote gig opportunities. Recommendations focus on policy frameworks, social benefits, and skill development. Sector-wise impacts are seen in transportation, food delivery, digital services, e- commerce, healthcare, and education. The gig economy presents economic empowerment but faces challenges like job insecurity and regulatory uncertainties. Recommendations include comprehensive regulations, social benefits, upskilling, worker representation, digital inclusion, collaboration, research, CSR, and public awareness. With a balanced approach, India's gig economy has the potential to drive positive change, fostering economic growth and societal inclusivity.

Keywords : Gig Economy, Decentralized Work & Economic Empowerment.