Women's participation must for economic growth

Indian economy could grow by 11 percent if women get opportunity in professional life

trithesh

Trithesh Nandan | February 24, 2012




While Indian economy has grown up since 1991, the participation of women in this economic growth has been negligible and lots needs to be done, says a study by the US-based think-tank Centre for Strategic and International Studies (CSIS). It said that India will touch a double digit growth if women get adequate presence in professional life.

Citing a UN document, the study mentioned India's growth would be increased by 4.2 percent if women are not neglected in the economic growth. “That would push India’s current growth rate of about 7.5 percent closer to 11 percent, making it, once again, one of the world’s fastest accelerating economies,” said the study.

“India’s economic growth is remarkable in its reach and impressive for pulling millions out of poverty, but women are still missing at virtually every level of professional life,” wrote Karl Inderfurth, former assistant secretary of state, US and Persis Khambatta, a fellow at CSIS, who are the authors of the study.

“The loss in GDP that India incurs as a side effect of low female economic participation is a major drag on its overall economic performance,” it said.

“As its economy develops to encompass new knowledge-based industries, and as its population moves from rural to urban areas, the pivotal issue should be given greater scrutiny: Are India’s women poised to take part in the rapidly expanding economy? And what will the consequences be for India’s economic development?”

India ranks close to the bottom (113 out of 135 countries) in lowest percentage of women employees according to World Economic Forum’s Global Gender Gap report.

Read the study

Comments

 

Other News

What really happened in ‘The Scam That Shook a Nation’?

The Scam That Shook a Nation By Prakash Patra and Rasheed Kidwai HarperCollins, 276 pages, Rs 399 The 1970s were a

Report of India’s G20 Task Force on Digital Public Infrastructure released

The final ‘Report of India’s G20 Task Force on Digital Public Infrastructure’ by ‘India’s G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development’ was released in New Delhi on Monday. The Task Force was led by the

How the Great War of Mahabharata was actually a world war

Mahabharata: A World War By Gaurang Damani Sanganak Prakashan, 317 pages, Rs 300 Gaurang Damani, a Mumbai-based el

Budget expectations, from job creation to tax reforms…

With the return of the NDA to power in the recently concluded Lok Sabha elections, all eyes are now on finance minister Nirmala Sitharaman’s full budget for the FY 2024-25. The interim budget presented in February was a typical vote-on-accounts, allowing the outgoing government to manage expenses in

How to transform rural landscapes, design 5G intelligent villages

Futuristic technologies such as 5G are already here. While urban users are reaping their benefits, these technologies also have a potential to transform rural areas. How to unleash that potential is the question. That was the focus of a workshop – “Transforming Rural Landscape:

PM Modi visits Rosatom Pavilion at VDNKh in Moscow

Prime minister Narendra Modi, accompanied by president Vladimir Putin, visited the All Russian Exhibition Centre, VDNKh, in Moscow Tuesday. The two leaders toured the Rosatom Pavilion at VDNKh. The Rosatom pavilion, inaugurated in November 2023, is one of the largest exhibitions on the histo

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter