Ifs and Buts comprising Digital World with the present scenario of subcontinent economy!
Ifs and Buts comprising Digital World with the present scenario of subcontinent economy!
Introduction:
In this article, one can portray a blurred picture about the present scenario of the subcontinent in terms of Gig Economy with the help of recent Population, mortality rate, and the boom of freelance marketplaces with some world statistics from the available sources.
Population:
As a rough UN estimate of the existing world population is 7.8 billion and growing. The term "World Population" refers to the human population of the world. Below are Southern Asian countries statistics that repels numbers
Southern Asia:
Population comprising India, Pakistan, Bangladesh, Iran, Afghanistan, Nepal, Sri Lanka, Bhutan, and the Maldives as tabulated below:
In the above illustration, southern Asian countries are nearly 25% of the population of the world and of 37% population, its belongs to Urban Geography that means 9.25% rates are in urban geography of the world, that has expected potential to show their presence in the digital world. Whereas the facts and figures repel overall potential occupied in terms of gender-based economy 49% & 51% in Males and Females fertility rates combined @ 2.41 times growing accordingly.
Ifs:
Country-wise productivity if estimated then the ratios belong to India is the most gigantic and i.e. 70% from total south Asian countries. Partially, they face internal and international competition among the employed and underemployed workforce as compared to other countries as subjected.
Buts:
It depends upon the quality of work and skilled labour, opportunities each country offering in their literacy rates as compared to other countries as referred. Like in Pakistan Digiskills collaboration with ignite and Virtual University, the first online University of Pakistan promoting Information & Technology not only Pakistan but the globe is worth. But, at the same level, each country in Subcontinent must take similar initiatives.
Life Expectancy Rate:
In someone’s saying “People belongs to Freelance Marketplace are greater in figures than Aeroplanes and Automobiles in the world”. In India life expectancy rates; 67.4years is for males and 70.3years is for males whereas overall 68.8years is for total in volume. Similarly, in Pakistan life expectancy rates; 65.7years is for males and 67.4years is for females whereas overall 66.5years is for total volume, for two giant of southern Asia.
Ifs:
Life expectancy rate if shaky in between both countries like India Pakistan if cope up with child protections and controlled policy as on birth rates cum ratio vide, would have an additional impact on a massive population to curb future unemployment rates and utilization of manpower.
Buts:
At this stage, According to the latest WHO data in 2018 life expectancy ratios in India & Pakistan would 65.7years is for males and 67.4years is for females whereas overall 66.5years is for total volume but in India, 67.4years is for males and 70.3years is for males whereas overall 68.8years is for total in volume. In order with both countries like Pakistan and India, you can see the leading cause of death data matter and the government policy that affects productivity and utilization of workforce/ manpower potential to do online business whether in the traditional or non-traditional marketplace concerning their efficiency rate.
Gig Economy:
Usually gig Economy works with per hour or project cost. Stats and figures were taken from the present key player of freelances marketplace that reveal as under:
Ifs:
From the above facts and figures if work per hour calculated accordingly then this assumption may also be referred to as an online gross domestic product as e-economic indicators.
Buts:
But issues arise at the stage with e-employment from freelance marketplace’s policy and their procedure that is different traditional vs nontraditional marketplace, it must be uniformed in collaboration with the legal binding of the country to country as per above freelance marketplace server presently situated around the globe.
Disclaimer:
Above facts and Opinions were gathered in different ways to extract the subject with random available online resources just to compile with someone’s assumption to convey the trends Google will sooner put this into the future market (e-markets) aspect as it is thought, I guess.
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