Globally, India ranks as the 7th largest freelance workforce after the US and Bangladesh with over 5 lakh people working independently in various sectors such as IT and programming, finance, sales and marketing, designing, animation, videography, content and academic writing. By 2020, 50% of workers are expected to go freelance

The distinct shifts in areas like technology, culture, demographics and professional needs and goals have driven companies to reassess their human resource policies in order to accommodate the burgeoning freelance economy.

It comes as no surprise that the start-ups in India are hiring 50 per cent of the total freelancing workforce. These companies are not only hiring freelancers or independent consultants at lower management. In fact, freelance CFO’s are also getting on board in order to help streamline a company’s finances. According to industry estimates, hiring their services of an outsourced CFO can result in operational savings of 30 to 70 per cent and depending upon the nature of the job, fees charged can range from Rs 30,000 to a few lakhs per month.

USA and Canada have a large number of freelancers in India. The number of job opportunities has increased due to the current situation. Therefore, it is correct to say that Indians are often the favorite candidates for the most in-demand jobs, like Security Software Engineer, Financial Analyst, Social Media Manager and many more