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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
ISBN13: 9781799887058|ISBN10: 1799887057|ISBN13 Softcover: 9781799887065|EISBN13: 9781799887072
DOI: 10.4018/978-1-7998-8705-8.ch015
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MLA

Vatsa, Vidushi, et al. "Sustaining India's Gig Economy in Industry 4.0: Regulatory Framework and the Proposed Model." Transitioning From Globalized to Localized and Self-Reliant Economies, edited by Ruchika Gupta, et al., IGI Global, 2022, pp. 172-189. https://doi.org/10.4018/978-1-7998-8705-8.ch015

APA

Vatsa, V., Gupta, R., & Srivastava, P. (2022). Sustaining India's Gig Economy in Industry 4.0: Regulatory Framework and the Proposed Model. In R. Gupta, P. Srivastava, S. Ranjan, & M. Badar (Eds.), Transitioning From Globalized to Localized and Self-Reliant Economies (pp. 172-189). IGI Global. https://doi.org/10.4018/978-1-7998-8705-8.ch015

Chicago

Vatsa, Vidushi, Ruchika Gupta, and Priyank Srivastava. "Sustaining India's Gig Economy in Industry 4.0: Regulatory Framework and the Proposed Model." In Transitioning From Globalized to Localized and Self-Reliant Economies, edited by Ruchika Gupta, et al., 172-189. Hershey, PA: IGI Global, 2022. https://doi.org/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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