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Economic Survey 2021 | Gig economy jobs got a boost due to COVID-19 lockdown

The Economic Survey 2020-21 said the COVID-19 pandemic-induced lockdown saw employers cutting down on staff strength and engaging freelancers or outsourcing tasks to reduce overhead costs.

January 29, 2021 / 03:15 PM IST
The survey said benefit of the gig economy is that it allows flexibility in employer-employee relationship to both service seeker and service provider.

The survey said benefit of the gig economy is that it allows flexibility in employer-employee relationship to both service seeker and service provider.

The Economic Survey 2020-21, tabled in Parliament on January 29, said the gig economy saw a big boost, lead by online retail, due to the COVID-19 pandemic-induced lockdown.

The survey, drafted by Chief Economic Advisor Krishnamurthy Subramanian and his team, said the lockdown period also
saw employers cutting down on staff strength and engaging freelancers or outsourcing tasks to reduce overhead costs.

"With increasing demand in industries for on hire project-specific consultants, logo/content designers, web designers for the white-collar workers, the delivery boys and taxi drivers engaged in platforms like Uber/Ola, Swiggy, Big Basket, Pizza Hut are now showing
potential as well," the survey added.

It said benefit of the gig economy is that it allows flexibility in employer-employee relationship to both service seeker and service provider.