India’s Freelance Economy is Booming in 2016

Since India has the second highest number of freelance professionals (about 15M), standing next only to the US (approx 53M). These 15M Indian freelancers take up a whopping 40% of total freelance jobs offered worldwide. Hence this clearly manifests the dominance of Indian Freelancers over their western counterparts.

Contract Hiring in India is Catching up

When we say that the US has 53M freelance professionals, it’s important to note that half of them work on contracts as consultants with one or more companies at a time. While India’s contract workforce is in nascent stages; however, India is catching up with the west as startups actively seek out senior professionals from various industries to work on contract – something they could not afford on full-time payroll .

Burgeoning Startup Ecosystem in India

India has the fastest growing startup ecosystem and the third highest number of technology driven startups worldwide, trailing behind only the US and the UK.

Burgeoning Startup Ecosystem in India

Most In-demand Skills for Freelancers in India in 2016

  1. Cloud and Distributed Computing.
  2. Content Marketing.
  3. User Interface Design.
  4. Graphics Design.
  5. Digital and Online Marketing.
  6. Web Architecture and Development Frameworks.
  7. Perl / Python / Ruby.
  8. Data Presentation.
  9. Mobile Development.
  10. Algorithm Design.
  11. Social Media Marketing.
  12. Game Development.
  13. Shell Scripting Languages.
  14. Middleware and integration software.
  15. PR and Communications.

The growing startup ecosystem in India, consequently growing demand and affinity of people for contract hiring, abundance of skilled professionals in India. Followed by growing Internet penetration and skyrocketing number of Internet and Mobile Internet users along with India’s reserved pool of women workforce. These are clear indicators signaling that the year 2016 has potential to twirl and refresh the freelancing scenario in India.


By: Prakarsh @Payoneer Blog

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