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#Day4 – GS3 | Economy

Q. Discuss the significance of the gig economy in India's employment landscape. (150 words)

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βœ… Directive & Syllabus

Directive: Discuss – explore multiple dimensions

GS3 Syllabus: Employment, Informal Sector, Economic Growth

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πŸ“ Model Answer

πŸ”Ή Introduction
The gig economy involves flexible, freelance or platform-based work. It has grown rapidly in India due to digitization, urban youth participation, and platform tech (e.g., Swiggy, Uber, Urban Company).

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πŸ”Έ Significance

7.7 million gig workers in 2020–21 (NITI Aayog, 2022)

Projected to hit 23.5 million by 2029–30

Offers income flexibility for semi-skilled and youth workforce

Supports sectors like delivery, transport, digital freelancing

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πŸ”Έ Challenges

Absence of job security, insurance, or legal rights

Limited representation and social protection

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πŸ”Έ Way Forward

Implement provisions under Code on Social Security, 2020

Introduce portable benefits and skilling initiatives

Create a gig worker database for targeted welfare

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πŸ”Ή Conclusion
The gig economy is a vital part of India’s employment future. Ensuring safety nets and regulatory support is crucial to making it sustainable.

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#GS3 #GigEconomy #Employment #LabourReforms #UPSCMains #ReadyIAS #MainsReady #Day4