The What, Why, & How of the Gig Economy Credit in India

Introduction to the Gig Economy

The “Gig Economy” primarily relates to temporary, flexible jobs offered by companies that usually hire independent contractors and freelancers as against regular onsite employees. The instability and ambiguities introduced by the events of corporate layoffs and the practice of services’ offshoring have diminished regular employment avenues.

Continue reading “The What, Why, & How of the Gig Economy Credit in India”

Microfinance & Financial Inclusion: Servicing the Marginalised India

‘‘The Poor stay poor, not because they are lazy but because they have no access to capital.” – Laureate Milton Friedman

Introduction to Microfinance

Microfinance (erstwhile microcredit) is a financial service offering loans, savings, and insurance to entrepreneurs and small enterprises that lack proper access to banks or investors. The primary objective of microfinance is to make available to the underserved individuals (since they lack the credit or resources to subscribe to a regular bank loan) the required money so as to invest in their nascent business projects. Continue reading “Microfinance & Financial Inclusion: Servicing the Marginalised India”

$864 billion was paid out to the gig economy last year

$864 Billion [1] was paid out to gig economy workers last year globally. The platform keeps 20-30% which still leaves a large opportunity for spending on utilities education durables entertainment housing wealth etc from those audiences. Globally – transportation as a theme has been most mature, and that trend will continue in every country too. But it won’t be long before you can tap to bring every from a masseuse to a lawyer (Happening happening with gojek). Betterplace pegs 120 million [2] Indians migrated from villages looking for jobs in the city half of whom looked for a job as a driver or delivery/runner.

 

 

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How gamification is transforming the gig economy?

Gamification is everywhere now. It is a concept widely being used now by businesses by integrating game mechanics into their functioning to motivate participation, engagement, and loyalty. Over the last couple of years, the gig economy workforce has significantly seen gamification transforming the way they interact, work and more importantly feel about their jobs. Continue reading “How gamification is transforming the gig economy?”

Freelance Industry on the Rise

Freelancing was an option earlier to merely make a living without getting into something permanent but now it is seen as a choice by millions across the world for its various boons.

Freelancing has been fostered exponentially over the last decade due to technological advancement, worker’s need for flexibility and being able to work remotely, and the innumerable innovative job opportunities created by the companies to get better quality work and even then save money. Continue reading “Freelance Industry on the Rise”