"What is the gig economy? Discuss its potential and associated challenges in the Indian context." "गिग इकॉनमी क्या है? भारतीय संदर्भ में इसकी संभावनाओं और चुनौतियों पर चर्चा कीजिए।" ✅ Answer (English) Introduction The gig economy refers to a labor market characterized by short-term contracts or freelance work instead of permanent jobs. Digital platforms like Uber, Zomato, and Upwork are key players. Potential in India India has a large young population and digital infrastructure. Offers flexible employment to millions, especially post-COVID. Supports women and students seeking part-time work. Contributes to urban and platform-based service growth. Challenges Lack of job security, health insurance, or social benefits. Irregular income and absence of labor protection laws. Classification ambiguity: Are gig workers employees or contractors? Exploitation by digital platforms due to weak regulation. Way Forward Enact laws to ensure minimum wa...
Preparation for Competitive exams SSC RAILWAY