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The PayPal survey also found that 23 percent freelancers earn about Rs.250,000 per year while few earn more than Rs.500,000. However, possessing certain skills is necessary to earn a high income as a freelancer. Understandably, such high incomes are sufficient to tempt anyone to jump the freelance bandwagon.
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Incidentally, the majority of Indian freelancers are below the age of 40 years. An increase in the number of freelance projects that target Indian professionals can now be widely found on reputed web portals that offer such work. India’s freelancing industry is projected to grow worth US$30 billion by 2025, according to experts. This figure is much higher than salaries available for a traditional 9-5 job. Over 23 percent of respondents interviewed by PayPal revealed they are earning more than Rs.6 million per year- or about Rs.500,000 per month. The above figures translate into a simple fact: Freelancing in India is on the upswing. Projects from Australia, the US, and the UK enabled Indian freelancers to record these high incomes, the report adds. Income levels spiraled upwards during the calendar year 2017, survey respondents reported. The company interviewed some 500 freelancers for the survey, whose findings were published in January 2018. Freelancers in India earn an average of Rs.2 million per annum, global payments gateway, PayPal found in a 2017 survey.