India is witnessing a steep rise in gig employment, with a rise of 184 per cent in white-collar gig jobs this year compared to the previous year, according to insights from hiring platform Foundit.
The number of gig workers, too, has expanded by 21 per cent over the same period, and the information technology sector is at the forefront of this gig boom, says the report.
Click here to follow our WhatsApp channel
The share of IT software in the gig economy has nearly doubled, jumping from 22 per cent in March 2023 to a dominant 46 per cent in March 2024.
The overall hiring activity picked up on a month-on-month basis with a 3 per cent increase compared to the last month. However, compared to the previous year, hiring declined by 4 per cent, suggesting a slower pace of recruitment this year, according to the report.
Rise in demand for gig workers across job roles (Y-o-Y basis - March, 2023 to March 2024)
Sector Wise hiring trends (Monthly basis - February to March, 2024)
Monthly hiring trends across prominent cities/ hubs (monthly basis, from feb to March, 2024)
Also Read
Tech companies planning to step up hiring in tier-2, tier-3 cities in 2024
India's rapidly expanding gig economy: Do we really understand it?
Gig workers in e-commerce companies yet to get platform to voice concerns
Longer working hours & low earnings: How India's gig workforce fares
Govt should create centralised authority for gig workers, says report
'Govt meets tax collection target of over Rs 34.37 trn for 2023-24'
MoRTH raises Rs 40,314 crore via asset monetisation in financial year 2024
Manufacturing PMI in March rises to 16-yr high, employment improves
Searing heat wave in the country boosts RBI case to wait on rate cuts
Natural disasters cause $65bn loss in APAC in 2023; 91% loss uninsured: Aon