Feb 21, 2022
By: Vaamanaa SethiA 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.
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...a global average of $41 and marketing at $47 vs global average rate of $34, according to the report.
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...shows an increasing global acceptability of Indian work quality.
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The average hourly rates of the Indian freelancing community saw a jump from $21 in 2020 to $26 in 2022.
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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.
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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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...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.
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...participation in the freelance community, which has grown by 57 percent over the last decade.
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...significantly higher than the disparity in freelancing.
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