In a research titled “Freelancing in 2020: An Abundance of Opportunities,” published by Payoneer, it is said that India is the second-fastest-growing freelancing market in the world.
Details on according to a research, India has the second-fastest growing freelance sector worldwide
According to the survey, India has the second-fastest expanding freelancing business in the world with an estimated 15 million independent contractors.
According to the report, India saw a 46% growth in new freelancers from Q1 to Q2, 2020.
“Traditional employment patterns have been altered as a result of the rapid developments in technology and workplace expectations. The number of people who are thinking about freelancing as a long-term job has increased, it stated.
The effects of the Covid-19 outbreak are also being felt by freelancers. As restrictions put in place to stop the spread of Covid-19 loosen, freelancers are rebounding with an increase in income.
According to the research, “Covid-19 brought a temporary slowdown in revenue growth, but it bounced back even stronger with 28% growth from May to June.”
In addition to India, the US, Pakistan, and Ukraine are other significant markets for gig workers.
According to the research, “a permanent change in the global workforce is inevitable” as a result of the pandemic’s impact on growing adoption of technology.
The survey stated that more and more businesses will seek remote and freelance workers for a greater variety of activities in the future, even if there will still be room for full-time staff.
