Making digital Platforms Work for asia and the Pacific
Platforms have been transformative, drastically challenging traditional business models. Digital platform-enabled companies have radically reduced the market shares of traditionally dominant firms and generated modern forms of employment like cloud work, “gig” work or local on-demand work, and informal entrepreneurial work.
Digital Leadership and
the GIG Economy
Digitalization refers to the fourth industrial revolution and gig economy is its latest advancement. Digitalization is fast, and ongoing and now arguably ubiquitous all over the world. The developed countries have embraced digitalization and are now reaping the benefits from it.
India’s Tech
Industry Talent
India is positioned favourably mainly due to its demographic advantage and various skilling initiatives by all key stakeholders. The Government of India’s initiative, Skill India Campaign, intends to train 400M people in different skills by 2022.
The rising GIG
Economyos
INDIA
The Gig economy refers to a temporary contractual job or freelance work that a person may take, on a project-to-project basis, for which the payment is made once the task is completed. It is a globally rising phenomenon with 36 per cent of U.S. workers or close to 57 million Americans engagedin it.
Electronics System Design &
Manufacturing
The Electronics System Design & Manufacturing (ESDM) market in India is anticipated to increase at a CAGR of 16.1% between 2019 and 2025, owing to strong demand, supportive government policies and increased digitalisation. The ESDM sector plays a key role in the government’s goal of generating US$ 1 trillion of economic value from the digital economy by
2025.
Proceedings of the Government of Karnataka
Karnataka is the IT hub of India and its capital Bengaluru is the fourth largest technology cluster in the world. Karnataka is the first State in the country to formulate IT Policy in the year 1997, which gave an impetus to the growth of IT industry in the State.
Unlocking the potential
of the
GIG
Economy
in India
India’s workforce today is estimated to comprise around 500 million workers, of which around 210 million are engaged in the agriculture and allied sectors, and the remaining approximately 290 million in the non-farm sectors that include construction and real estate (62 million), manufacturing and utilities (60 million), retail (47 million), and transportation and logistics (25 million). We based our estimates on a detailed mapping of job-types across industry sectors to identify opportunity areas and barriers to unlocking demand for gig-based services. The potential of the gig economy was then determined using in-depth primary interviews with corporations, including large corporations and Medium, Small, and Micro Enterprises (MSMEs), a survey of over 600 urban households, and inputs from industry experts.
