The funds raised go to professional contractors and real estate development firms who are financed from the crowd funds raised with average returns anywhere from 5-20%.

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At fault, Professional Contractors Group council member Gurdial Rai told the Times of India, was the Intra-Company Transfer (ICT) scheme, which allows companies to move staff between countries as long as they stay with the same firm.

BBC: Indian IT worker

They will still look to contractors for a wide range of professional and technical needs, but in a more prudent, cost-effective manner.

WHITEHOUSE: White House Forum on Accountability in Federal Contracting | The White House

Over one-third of Americans are now registered as self-employed, becoming small businesses in a P2P economy of professional services and retail, or sub-contractors in growing sectors such as healthcare and data collection and analysis.

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