Gig Economy In India Rising

The rapid evolution in the gig economy suggests that this is the greatest prospect of work for the future. The gig economy gets its title from each portion of work being similar to a singular ‘gig’ – although, such work can fall under manifold titles.

A gig economy encompasses all platforms that hire independent professionals, consultants and workforces in diverse segments, such as IT automation – online and digital, generate content and development, social media platform for promotion and communications, aggregators, food, fintech, retails, creative fields such as art and design.

A gig economy, hence, means an existence of temporary or part-time workforce instead of a conventional workforce.

In concurrent time, e-commerce industries suddenly rose to exploit and capitalize the changed patter of customer habit which customer forced to inherit with the tremendous fast pace of digital marketing where every demand of the consumer has been customized to a ‘click away option’ to get the service at the doorstep.

It is a principal to principal agreement where both the parties work in their independent capacity ruling out any question of direct control or supervision of the organization on the movement or exclusive association of the gig worker with the organization.

However, by the Legislation of Code of Social Security Bill which is under review and in days it passes and gets nod from Both Houses of Parliament and gets President of India Consent it will be an Act wherein the Gig workforce will be eligible for Provident Fund, Pension, Gratuity, Medical Benefits and Insurances.

The Complete book has been critically studied and written from the perspective of the principles of Gig Economy and the Bill on New Code of Social Security which is in Parliament as Bill and yet to be legislated as Law. The author has analyzed the legislative and procedural leanings such as constitutional rights, authority, responsibilities and obligations and also the perspectives of Gig economy social security which is now a now a Bill.

Though every care has been taken to incorporate authentic information, yet some errors might have crept in inadvertently.

BUY ONLINE NOW