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Impact of Co-Working Spaces on Employee Productivity and Innovation in Emerging Economies

Richa Tiwari, Vivek Gupta, Taha Estatewala, H M Zafir Hussain, Harsh Agarwal, Akhila C, Hitansh M

Jain University, Center for Management Studies,2023, India

Abstract:

Co-working spaces have emerged as a popular alternative to traditional offices in India in recent years. This research paper aims to examine the growth of co-working spaces in India and to project the future of this industry. The paper begins with an overview of the co-working industry in India, including its history, evolution, and current status. It then provides a comprehensive review of the existing literature on co-working spaces, highlighting the key factors that have contributed to their growth and success. The research methodology used for this study is a descriptive survey, with a probability sampling strategy, and the data was collected through questionnaires administered via Google Forms.

The findings of the study reveal that co-working spaces are increasingly becoming popular in India due to their numerous benefits, including flexibility, cost-effectiveness, and networking opportunities. The study also identifies several challenges facing the co-working industry in India, including infrastructure constraints, regulatory issues, and competition from traditional offices. However, the paper concludes that the future of co-working spaces in India is bright, with a projected growth rate of 15-20% in the coming years. The paper identifies several key trends that are likely to shape the future of co-working in India, including the rise of niche co-working spaces, increased focus on wellness and sustainability, and the adoption of technology to enhance the co-working experience.

In summary, this research paper provides a comprehensive overview of the co-working industry in India and projects its future growth and trends. The findings of the study have important implications for businesses, policymakers, and entrepreneurs who are interested in the co-working industry in India. The paper concludes by providing recommendations for future research in this area.

Article Info:

Keyword: Co-working spaces, Efficiency, Productivity, Economic Behaviour, India, descriptive study, probability sampling, usage patterns, satisfaction levels, preferences, strengths, weaknesses.