A Study On The Gig Economy In India

Mrs. R.Vimala, Assistant Professor, VELS School of Law, VELS Institute of Science and Technology and Advanced Studies, VISTAS

Mrs. G. Uma Maheswari, Assistant Professor, VELS School of Law, VELS Institute of Science and Technology and Advanced Studies, VISTAS

INTRODUCTION

“Laws were passed for both individuals and corporations. An entirely new category—people operating as businesses—was established by the sharing economy.” The "gig economy" situation is succinctly summed up in a comment made by Brian Chesky, co-founder of Airbnb. An independent worker may be hired by individuals or companies for a set period of time under the terms of the gig economy. Artists would refer to jobs that lasted a set amount of time as "gigs" informally. Temporary hires and firings of contract workers are made possible through the gig economy. They work in a number of sectors where web-based platforms are required for the delivery of human service.Owners of platforms serve as an intermediary for service providers and the agents who deliver the services. Typical examples include Amazon, Ola, Uber, Zomato, Swiggy, and so forth. Platform providers are agents who charge or receive a commission from both the customer and the service provider. A "gig worker" is a person who accepts a temporary assignment that must be finished within a certain amount of time under unusual work arrangements. Conversely, "platform workers" generally refer to employees of companies that offer services to customers directly through web-based platforms. Because of their benefits—which include the ability to choose their own work schedules, holidays, workdays, and preferred companies—temporary employees now make up a larger portion of the workforce.

Employees here are free to select their organisation for a specified duration, as opposed to being forced into a position. From the perspective of independent contractors, the gig economy might enable them to strike a better work-life balance than traditional occupations would. Gig platforms offer them the flexibility and increased autonomy they desire for their personal and professional lives. Vulnerable employment has now become more accessible thanks to the gig economy.