Freelancing in India
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India had 15 million independent workers or freelancers in 2020, with industries like IT, finance, HR and design hiring people on a project basis.[1] 70 percent of freelancers from India reported working exclusively as freelancers, with 48 percent of them dedicating 30 hours or less per week to their work.[2] In a report of (National Institution for Transforming India) NITI Aayog has estimated that India’s gig workforce or Freelancing will grow up to 2.35 crore by 2029-30. In 2020-21 the same was at 77 lakh. Out of this 26.6 lakh gig workers were from sales and retail trade.[3][4]
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India’s young workforce is inclining toward freelance and contractual opportunities. Possessing one of the world’s highest youngest working populations, India has the potential to become the world’s largest freelance gig economy.[5]