Gig economy can support 90mn Jobs

The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a possibility to add 1.25 percent to the GDP over the “long term”, a report said on Tuesday.

The gig economy, where laborers get recruited regularly for brief lengths, can prompt transactions of over USD 250 billion over the long term, the report by the consultancy firm BCG NSE 1.83 % said.

The firm said gig economy is definitely not another idea yet has seen more noteworthy appropriation following the appearance of innovation.

A couple of years prior, when concerns were being raised about ‘jobless’ growth, the public authority had highlighted the development in gig economy occupations.

In the short-to-medium term, almost 24 million positions in gifted, semi-talented and shared service jobs could be conveyed through gig economy, including almost 3 million shared service jobs and around 8.5 million jobs satisfying family need, it said.

A larger part 70 million ‘gigable jobs’ are in the growth, production, transportation and logistics, and individual service sectors, it said adding that these will be principally determined by small business and household demand.