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19/04/2022 - Economy

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April 19, 2022

There is a need to create opportunities for work by supporting the gig economy in the country. Do you agree with this view? Comment (200 Words)

Refer - Financial Express

Enrich the answer from other sources, if the question demands.

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IAS Parliament 3 years

KEY POINTS

·        Gig economy today ranges from ride-sharing, deliveries, home-services, beauty and wellness to even gig-work in the hi-tech space such as coding, project management, marketing, fintech, pharma, edu-tech and so on.

·        The prime minister recently mentioned that 800 million people in India received free ration and benefited from the Pradhan Mantri Garib Kalyan Anna Yojana.

·        With the population growth averaging 15-18 million per year and with number of jobs created being 1/10th of the same, the only major option is self-employment, gig or informal employment.

·        The gig economy has also led to emergence of start-ups like “JEEVITAM” (meaning livelihoods) that are creating massive social impact on ground by reaching the unreached.

·        The ministry of skill development and entrepreneurship has also launched “Bharat Skills”, a central repository for skills which provides NSQF curriculum, course material, videos, question banks, mock test and qualification packs.

·        While gig economy is a boon to crores of Indians wanting to earn a livelihood from work, there are perceived concerns around safety and social security.

·        The future is therefore “work” and regulations should recognise the fact that it is impossible for any country and government to enable and create that many jobs.

 

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