Emergence of Gig economy

 The emergence of digital India has supported the Gig economy in India as more and more workers embrace this idea that gives them greater flexibility to manage their time and certain working conditions. It helps workers to augment their income by taking such assignments which are generally temporary in nature. In most cases, such tasks( if related to IT sector) can be executed from remote locations, thus enabling workers to cater to demand from across the Globe. On the other hand, companies find it convenient to hire gig workers for routine tasks like admin/ delivery of goods, etc. during periods of seasonally high demand. Gig economy has its  own pros and cons. It helps a significant number of informal workers to participate in the formal economy in their own desired time slots. It helps companies to be adequately staffed to manage seasonal variation in demand without having to hire permanent workers. The disadvantages include concerns around data privacy of sensitive client data as gig workers come from various backgrounds. Also, many times, companies often make these workers work under challenging working conditions with little benefits. To summarise, Gig economy is here to stay and thrive and would provide a source of employment to people who cannot take up regular jobs.