India’s Freelance Market Is Expected To Reach $1 Billion by 2025.
The freelance marketplace in India is currently experiencing a significant growth and is expected to continue to do so in the coming years. According to a report by the Internet and Mobile Association of India (IAMAI) and KPMG, the freelance economy in India is expected to reach $1 billion by 2025.
One of the main reasons for this growth is the increasing availability of internet connectivity and smartphones in the country. This has made it easier for freelancers to connect with clients and find work opportunities online. Additionally, the COVID-19 pandemic has accelerated the shift towards remote work, which has further boosted the freelance economy in India.
The rise of the gig economy in India has also been a major factor in the growth of the freelance marketplace. Digital freelance marketplace platforms have made it easier for freelancers to find work and for clients to find talent. The increased competition among these platforms has also driven down costs, making it more affordable for small businesses and startups to hire freelancers.
In addition to traditional online platforms, there has been a rise in the number of Indian-based freelance marketplaces. These platforms are tailored to the Indian market, making it easier for Indian freelancers and clients to connect with one another.
The freelance marketplace in India is expected to become more diverse in the future, with a wider range of skills and industries being represented. This includes not only traditional freelancing roles such as writing, design, and programming, but also new and emerging fields such as blockchain and artificial intelligence.
As the freelance marketplace in India continues to grow, it is also important to address the challenges that come with it. These include issues related to payments and taxes, lack of protection for freelancers, and lack of access to healthcare and other benefits. To address these challenges, the government needs to create a more conducive environment for freelancers, with policies and regulations that support their livelihoods. The future of freelance market in India looks promising and it is an exciting time to be a part of this revolution.