Future of Freelancing in India !!

Freelancing in Developing Countries like India

Internet penetration, digital boom and the advent of new and disruptive technologies have influenced the mode of work in India. One of the major reasons for a rise in freelance industry in India could be the low pay scale for regular jobs. Matt Barrie, from Freelancer.com mentions that India stands second in terms of freelancing marketplace, after the US.

While projects come mostly from developed countries like the US, UK, Australia and Germany, the freelancers belong to developing countries like India, the Philippines, Indonesia, Bangladesh and Pakistan. Barrie also mentions that a large proportion of people who started off small as a freelancer have now established their own firms by hiring local people.

City-wise change in pay scales has led to a competition with one another and can be seen when a large enterprise announces its willingness to outsource projects for a new office or a major hub. Digitization has led to large enterprises branching off in Tier 2 cities, leading to a growth in employment and freelancing. Since more and more enterprises are embracing the concept, the time is not far when corporates will compete to provide the best work environment for freelancers.

Why Freelancing?

A popular job search portal in India conducted a study on why are Indians switching to Freelancing from their traditional jobs that provide other benefits apart from monetary (like EPF, Insurance cover, Gratuity). Major percentage of answer that followed was expected and simple- work-life balance. They want to work, but at the same time wish to pursue other specializations and want recognition for the work they have put their efforts into.

Upon asking to elaborate Freelancers (who’d switched from traditional jobs) gave a few insights into advantages of freelancing.

– Flexible working hours

– Choose your own project

– Work from any location

– Get paid for your work

– Better personal life

Freelancing opens up a world of opportunities for people. The key benefit of freelancing in the digital economy is that anyone who’s well educated and good at work can earn his bit, irrespective of gender, age, location or other bias, unlike in the physical economy.

Most Indian freelancers are hired from countries like the US, UK, Australia, and Canada. Majority if these freelancers belong to Bengaluru, Hyderabad, Pune, Chennai, New Delhi and Mumbai, a few from Tier 2 cities have started showing up on the map. At par with the growth of India’s start-up ecosystem, freelancing industry has seen a boost and is expected to rise even further owing to the difference in quality of work noted by the hirers.

The scenario, however, seems to be changing, as government authorities have come to see the voids within a talented population contributing towards the economy. It can be expected that in the decade to come, freelancers will continue to press their legal advisors for improved status of their workforce.