The freelance economy in India has witnessed extraordinary growth, transforming from a niche working arrangement into a mainstream career choice. With more than 15 million active freelancers and an industry projected to reach $50 billion by 2032, the sector represents a significant shift in how Indians approach work. In specialized fields like finance, Indian freelancers are commanding impressive rates of up to $71 per hour, well above the global average of $41. This surge reflects the increasing global recognition of Indian talent, coupled with the cultural and technological shift that has made cross-border collaboration seamless.
Global freelancing platforms like Upwork, Fiverr, Toptal and several others have played a major role in democratizing access to work, making it easier than ever for freelancers to connect with global clients. Most platforms operate on a commission-based model, charging between 10% and 20% on earnings. However, apart from the service fees/commission, freelancers also face a multitude of additional charges, including transaction costs, currency conversion fees, and various platform-specific charges that can substantially reduce their actual income.
Denne historien er fra December 23, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 23, 2024-utgaven av Mint New Delhi.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
At long last, the UK is shooting for the moon on clean energy
An ambitious plan revives hope but it will be a race against time
Fuel efficiency norms could accelerate clean mobility
Tighter carbon emission standards should push automakers to sell greener vehicles overall
Can we use today's geopolitical chaos to uplift India's economy?
Successful economies have geopolitics to thank but India may be letting its opportunity slip away
Escaping India within India is an exorbitant exercise
The wealthy in Gurgaon pay mind-boggling prices to keep real India out of their lives. But it doesn't happen
FREELANCERS CAN AVOID HIDDEN FEES, MAXIMIZE EARNING
Being aware of payout options and financial solutions helps freelancers with smarter choices
What you must know about rental agreements, registration process
According to the Registration Act, 1908, a rental agreement for less than 12 months need not be registered
IOC probes bribery allegation of US cos
State-owned Indian Oil Corporation (IOC) has begun a probe into allegations of a US speciality chemicals firm bribing its officials 15 years ago to obtain contracts to supply catalysts, according to a company's regulatory filing.
India could be key SAF producer: lata
India has the potential to be a key producer of sustainable aviation fuel by utilizing its ethanol supplies and availability of lipid feedstocks like non-edible industrial oils, according to a senior official at the global airlines' grouping IATA (International Air Transport Association).
Akasa to add more planes this fiscal
Akasa Air is in continuous discussions with Boeing on aircraft deliveries and expects to add a few more planes to its fleet in the current fiscal ending March 2025, the airline's chief Vinay Dube has said.
Front-running case: Sebi bans 9 entities
Markets regulator Sebi (Securities and Exchange Board of India) has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of ₹21.16 crore.
