India is the largest market for freelancers, reveals survey

India is the largest market for freelancers, reveals survey

As the country moves in the direction of constant development, Indians are gradually drifting away from traditional aspirations and choosing more unorthodox ways of earning their day-to-day costs. From starting their own venture to providing expertise services in order to support someone else's ambitious visions, the country is always finding new ways to earn.

According to a recent survey conducted by global digital payments heavyweights PayPal on 500 freelancers, they have been earning approximately Rs. 19 lakh on an average every year.

Director of PayPal India, Narsi Subramanian, further added that India is the largest freelancer market in the world will over 10 million people indulged in it and also termed freelancing to be a significant growth segment for his company’s operations in the country.

Mr. Subramanian said: "We are now focused on trade across borders and we will continue to as that is where a significant opportunity lies for us. And when it comes to our growth plan, the freelancer segment is something that we have decided to focus on.

The report named ‘Insights into the freelancers ecosystem’ has also highlighted the constraints that are attached to making a living as a freelancer. With most Indian freelancers being under the age of 40, it is, however, dominated by the male segment.

The report revealed that 23% of Indian freelancers earn upto Rs 60 lakh per annum while another 23% earns between Rs 2.5 lakh and 5 lakh.