Navigating the VUCA World: Rise and Challenges of Gig Economy in India
DOI:
https://doi.org/10.69968/ijisem.2026v5Si159-63Keywords:
VUCA, Gig economy, social security, AdaptabilityAbstract
VUCA stands for Volatility, Uncertainty, Complex and Ambiguous. It refers to the rapidly changing scenario in business today where the political, economic, socio cultural, technological and legal factors that have a great impact on commerce and business.
These include the changing political dimensions, climatic changes and hence the regulations, economic recessions causing mass layoff, upskilling and reskilling in changing technological upgradations, changing consumer behavior owing to the change in demographics such as age, income and women in working force, legal regulations coming across to accommodate and be more relevant to these changes, environmental regulations etc. it would not be out to place to mention that future in these scenarios become a little more unpredictable which calls for the demand of agility of the organizations and economy at large to cope up with the change.
One such kind of rapidly growing economy in India is the Gig economy that can be called as an adaptive response to the uncertainty and the volatility of business today. Gig economy is the kind of economy that is not permanent or is temporary or short term where the workers are paid for “per task” or “gig”. This kind of economy is in absolute contrast with the traditional workforce where the workforce was stable, income was regular and the people enjoyed certain benefits and social security from the organization.
This paper delves into the evolving and future of gig economy, its adaptability to current scenarios in India with the challenges that it proposes.
References
[1] Asfahani, A. M., Alsobahi, G., & Dahlan, D. A. (2023). Navigating the Saudi Gig Economy: The Role of Human Resource Practices in Enhancing Job Satisfaction and Career Sustainability. Sustainability, 15(23), 16406. https://doi.org/10.3390/su152316406
[2] Auguste, D., Despard, M., & Roll, S. (2023). Democratizing the Economy or Introducing Economic Risk? Gig Work During the COVID-19 Pandemic. Work and Occupations, 51(4), 550–606. https://doi.org/10.1177/07308884231202032
[3] Au-Yeung, T. C., Ming, C. K. K., Chan, C. K.-C., & Tsui, W. Y. A. (2024). The Gig Economy, Platform Work, And Social Policy: Food Delivery Workers’ Occupational Welfare Dilemma in Hong Kong. Journal of Social Policy, 54(2), 673–691. https://doi.org/10.1017/s0047279423000673
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Shilpa Sharma
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Re-users must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. This license allows for redistribution, commercial and non-commercial, as long as the original work is properly credited.
How to Cite
7
