Explanation:

About Gig Economy
Statement 1 is correct: A gig economy is a free market system in which temporary positions are common and organisations contract with independent workers for short-term engagements.

• According to a report by Boston Consulting Group, India’s gig workforce comprises 15 million workers employed across industries such as software, shared services and professional services.

Statement 2 is correct: An estimated 56% of new employment in India is being generated by the gig economy companies across both the blue-collar and white-collar workforce.
Reasons Gig Economy’s Exponential Growth

• In the digital age, the worker need not sit at a fixed location—the job can be done from anywhere, so employers can select the best talent available for a project without being bound by geography.
• The millennial generation seems to have quite a different attitude to careers. They seek to do work that they want to do rather than have careers that may not satisfy their inner urges.
• Heightened migration and readily available job training.

Hence both statements are correct.