How freelancers can avoid hidden fees and maximise their earnings

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Subscribe to enjoy similar stories. The freelance economy in India has witnessed extraordinary growth, transforming from a niche working arrangement into a mainstream career choice. With more than 15 million active freelancers and an industry projected to reach $50 billion by 2032, the sector represents a significant shift in how Indians approach work.

This rapid expansion has been particularly pronounced in the wake of the pandemic, which accelerated the adoption of remote work and aligned with the millennial workforce's desire for autonomy, mobility and digital collaboration. Freelance professionals have realised that their earning potential is higher when working with international agencies or companies. In 2022, India's freelance community recorded a rise of 25% in its average hourly rates from $21 per hour to $26 per hour, as per Payoneer Freelancer Insights Report.

In specialised fields like finance, Indian freelancers are commanding impressive rates of up to $71 per hour, well above the global average of $41. This surge reflects the increasing global recognition of Indian talent, coupled with the cultural and technological shift that has made cross-border collaboration seamless. Global freelancing platforms like Upwork, Fiverr, Toptal and several others have played a major role in democratising access to work, making it easier than ever for freelancers to connect with global clients.