Gig white-collar roles in India surge 11%, as per foundit Insights Tracker

India is witnessing a rising demand for the gig workers in the white-collar space with an impressive surge of 11% year-on-year, according to the monthly foundit Insights Tracker (fIT) report released by foundit (formerly Monster APAC & ME), one of India’s leading talent platforms.

According to the report, white-collar hiring in India exhibited positive numbers with a 2% rise in job posting activity in March 2023. The tracker reflected growing demand for talent across key sectors such as Retail, Telecom and Travel & Tourism on an annual basis (March 2023 vs March 2022).

However, on a month-on-month basis, job posting activity declined by 1% as several sectors slowed down their hiring processes. With rising uncertainties on the back of international developments such as shifts in the US economic policies including H1-B visas and volatile oil prices, job creation rates have stabilized on the whole. Hiring demand in Media & Entertainment and Import and Export saw a dip between 12-13%, while segments like IT, Telecom, and Manufacturing currencies economy and support the development of the Web3 environment. The Bitget Web3 Fund will seek out VCs and projects globally but prioritise partners in Asia that have a clear roadmap and an experienced team, and those that offer innovative solutions to real-world problems. saw a decline between 3-4% (March 2023 vs February 2023).

As of now, it has received inquiries from VCs including Foresight Ventures, Dragonfly Capital, SevenX Ventures, DAO Maker, and ABCDE Capital for potential partnerships.

“We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process,” said Gracy Chen, Managing Director of Bitget.

“It is interesting to see the continued growth of the gig economy in the Indian white-collar space, as companies look at easier onboarding processes and higher cost savings. We have certainly seen newer trends emerge over the last few years with constantly evolving workplace preferences and a greater focus on employee well-being. Tech disruptions such as the most recent ChatGPT are revolutionising and paving new paths for every industry. It is important to note that such technologies hold the potential to create employment opportunities, re-iterating the crucial need for upskilling- not only for entrylevel professionals but the entirety of the Indian workforce,” said Sekhar Garisa, CEO, foundit.