Indian freelancers are earning more than their counterparts in other countries

Feb 21, 2022

By: Vaamanaa Sethi

If you are thinking of becoming a full-time freelancer, then it can be a good choice, right now.

A new Freelance Income Report by Payoneer reveals that Indian freelancers were able to outshine their global peers and were able to demand a better average hourly rate.

Credit: Pixabay

In some of the popular sectors like finance, Indians demanded an hourly rate of $71 against...

...a global average of $41 and marketing at $47 vs global average rate of $34, according to the report.

Credit: Pixabay

The report further says that the premium charged by Indian freelancers...

...shows an increasing global acceptability of Indian work quality.

Credit: Pixabay

Overall freelancers in India saw rising demand and opportunity from international assignments.

The average hourly rates of the Indian freelancing community saw a jump from $21 in 2020 to $26 in 2022.

Credit: Pixabay

“Indian freelancing is making a value driven shift in the global gig economy.

In the last few years, we have witnessed a constant increase in freelancer income and their movement to more specialised fields like marketing, coding and finance. More flexibility, better-skilled opportunities, and increased earnings are some leading to more professionals entering this economy,” said Rohit Kulkarni, senior vice president at Payoneer India.

Credit: Pixabay

Impact of COVID-19 on rates

Around 40 percent of the freelancers in India reported higher post-pandemic rates, while 47 percent said that it remained the same, and only 12 percent saw a decline in the rates.

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Surprisingly, women freelancers in India saw a substantial increase of 42 percent in their...

...average hourly earning rates from $22/hour in 2022 against $14/hour in 2020. Furthermore, their average hourly earnings rate is at par with their global counterparts.

Credit: Pixabay

Flexible work arrangements and higher earnings were the two main reasons behind growth of women...

...participation in the freelance community, which has grown by 57 percent over the last decade.

Credit: Pixabay

However, the wage gap between female and male workers is 37 percent,...

...significantly higher than the disparity in freelancing.

Credit: Pixabay

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