Bangladesh, June 1 -- The rapidly expanding gig economy is playing an increasingly important role in employment generation and foreign currency earnings in Bangladesh, although concerns over worker protection, income security and infrastructure remain major challenges, according to a recent survey and analysis.

The report states that Bangladesh contributes nearly 16 per cent of the global freelance workforce and ranks second globally in supplying online freelancers, helping reduce unemployment while generating around $500 million in annual earnings.

The gig economy refers to temporary, flexible or contract-based work rather than traditional fixed-hour employment.

Workers are paid for individual services or completed tasks instead of r...