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.

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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.

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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.

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“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.

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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.

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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.

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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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