International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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Unravelling the Gig Economy Puzzle and Demographic dividend: Role in Shaping the Future of Work in India

Author(s) Harish Kumar.S, FX.Lovelina Little Flower, Priyadharshini S
Country India
Abstract The gig economy has flourished as a key influence in modern labour markets, providing employees worldwide with flexible work arrangements and diversified options. Short-term contracts, freelance work, and temporary engagements are instances of gig work, in which individuals supply services as independent contractors rather than typical employees. India is one of the fastest growing market place for gig economy because of digitalization where block chain-based transactions, payment methods, expansion of digital marketplaces, the use of technology in recruiting and more contractual employment by existing company’s businesses. on considering the benefits of gig economy it is crucial to overview the issues such as low salaries, lack of sick leaves, paid holidays, parental leave, benefits of pension, health care, recognition and government policies etc. Since India is a 5th largest economy and in the current phase of democratic dividend it has a greatest opportunity to emerge as world’s largest economy in near future to robust the dreams of billions it is necessary to focus on the emerging trend in labour market such as gig economy. This study explores the role of gig economy in shaping the future of work in India and it association with Demographic dividend.
Keywords Gig economy, Labour market, Indian economy, Digitalization, Demographic dividend, fourth industrial revolution
Field Sociology > Economics
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-12-31
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.34320
Short DOI https://doi.org/g8xgkk
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