News: Economic downturn in India creates a new wave of self-employed


Economic downturn in India creates a new wave of self-employed

India’s economic downturn has forged a new generation of home-grown entrepreneurs, with approximately one-in-six respondents describing themselves as ‘self-employed’, and of the rest, more than a third expressing a desire to work more independently, according to the latest survey from global workforce solutions leader Kelly Services.

The findings are part of the Kelly Global Workforce Index, which obtained the views of approximately 134,000 people, including more than 4,000 in India. The appeal of self-employment coincides with a trend toward the outsourcing of non-core functions, which has seen many organizations reduce their permanent workforce, creating new opportunities for these freelancers.

When seen from a generational perspective, there is a pattern of younger workers being more enthusiastic than their older counterparts about embarking on a more flexible and entrepreneurial work arrangement. Those industries with the greatest concentration of self-employed workers were Utilities, Government, Engineering and Manufacturing.

Topics: #Updates, #IndustrialRelations, Entrepreneurship

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