Sustaining India's Gig Economy in Industry 4.0: Regulatory Framework and the Proposed Model

Sustaining India's Gig Economy in Industry 4.0: Regulatory Framework and the Proposed Model

Vidushi Vatsa, Ruchika Gupta, Priyank Srivastava
Copyright: © 2022 |Pages: 18
DOI: 10.4018/978-1-7998-8705-8.ch015
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Abstract

Today's corporate landscape is undergoing a transformation process, and India is not untouched by these phases of transition as humans are replaced by computers and brick-and-mortar firms are substituted by e-commerce companies. In the midst of these shifts, issues such as labour dynamics have changed dramatically. One such consequence is the Gig Economy. With the gradual improvement in the labour market and the focus of government on localisation, it remains important to analyse the widespread influence of growing gig culture in making India a self-reliant economy. This chapter of the book therefore seeks to review the different components of the gig economy along with the advantages and disadvantages and how gig can contribute towards a localised and self-reliant Indian economy. The chapter also evaluates the regulatory framework of the gig economy in India. The chapter also proposes a conceptual model incorporating various pillars that could serve as an analytical framework for the rapidly increasing number of concepts and policy proposals.
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Gig Economy

Rohit (name changed) aged 32 works with Uber application-based cab service. He gets paid for the trips he makes in a day. He sometimes gets ten to fifteen trips a day and someday barely five. He on some days works for Swiggy or Zomato, a food delivery platform. Rohit is his own boss, he decides at what time he needs to start his day and there are some days when he wants a break from his routine life as a cab driver. Just like Rohit, there are three million gig workers in India. (Banik Nilanjan, 2020) . Three million, though is a very small number if we compare it with our 1.3 billion population, there is a tremendous opportunity for exponential growth in this segment. The gig economy is all set to take off and the recent regulatory changes in form of four labour codes are a great enabler for the same.

The Code on Social Security had defined a gig worker as “a person who performs work or participates in a work arrangement and earns from such activities outside of a traditional employer-employee relationship”. (The Code on Social Security, 2020)

The term “gig” was first used in the year 1915 for live musical performances. It gained popularity due to jazz performances by musicians.(Gig (Music) - Wikipedia, n.d.; Whitehead Gabrielle Pickard, 2019)

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