What reasons do you see behind the phenomenal increase of gig economy in India? Is it a temporary boom or will last long? Is it going to replace traditionally hired workforce?
RP I see the following reasons as the main contributor to the growth in GIG opportunities in India.
Platform Play : The biggest disruption is platforms competing with businesses and snatching away a large pie. Businesses are no more threatened by a known industry competitive set but instead have now to worry about an unknown factor called platforms or market place. A quick technology aggregation model with a strong digital layer sets the tone of a quick penetrative model and industries are completely vulnerable. The success of platform play is also the flexible staffing model which is light and variable in terms of costs.
Continuous Education : The flexibility of having education and skilling as a...