New Delhi, Nov. 16 -- Companies across the world are likely to favour the gig economy. From outsourcing work to IT services providers over insourcing to their captive units in India; to hiring contract workers, companies are following a different path. They are dealing with cost pressures and digital transformation initiatives following the Covid-19 pandemic. Moreover, Indian IT services providers such as Tech Mahindra and Infosys said there is already a move towards outsourcing. Software services exporters have, today, built up expertise in a new way of establishment of tech companies.

Further, there has been a significant rise in contract staff in the IT Business Process Management (BPM) industry. While driving the digital transformati...