Here’s an important term along with the relevant statistics that you need to know for #UPSC : #gigeconomy !
Gig Economy:
It’s a free market system in which temporary positions are common & organizations hire independent workers for short-term commitments.
A thread 🧵:
Gig Economy:
It’s a free market system in which temporary positions are common & organizations hire independent workers for short-term commitments.
A thread 🧵:
The term "gig" is a slang word for a job that lasts for a specified period of time.
Examples: Ola or Uber drivers, Swiggy or Zomato delivery agents, etc.
Facts related Gig Economy in India⬇️:
Examples: Ola or Uber drivers, Swiggy or Zomato delivery agents, etc.
Facts related Gig Economy in India⬇️:
• According to #nitiaayog :
“The Indian gig workforce is expected to expand to 23.5 million workers by 2029-30.”
• As per a report by ASSOCHAM, India’s gig sector is expected to increase to US$455 billion at a CAGR of 17% by 2024.
“The Indian gig workforce is expected to expand to 23.5 million workers by 2029-30.”
• As per a report by ASSOCHAM, India’s gig sector is expected to increase to US$455 billion at a CAGR of 17% by 2024.
• As per the GigPulse report "Most gig workers in India are young, with a median age of 27 years, of which 37% are married, 29% with children, and 28% are migrants.”
• According to the NITI report, it is estimated that in 2020-21, 77 lakh workers were engaged in the gig economy and they constituted 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India.
#UPSC #InstaStats
#UPSC #InstaStats
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