THE SHE-CONOMY: UNLOCKING WOMEN'S POTENTIAL FOR NATIONAL GROWTH
BW Businessworld|July 27, 2024
IMAGINE A NATION sitting on a trillion-dollar treasure chest yet struggling to pay its bills.
Vikas Singh
THE SHE-CONOMY: UNLOCKING WOMEN'S POTENTIAL FOR NATIONAL GROWTH

This isn't a metaphor; it's the harsh reality for India, where over 100 million talented women - a vast, untapped resource are systematically excluded from the workforce.

This underutilisation isn't just a social injustice; it's a massive economic drag, throttling India's potential for sustained growth.

Beyond the Numbers

The global economy is a fierce competition, and India is playing with one hand tied behind its back. Studies by the World Bank and McKinsey Global Institute paint a stark picture: a 10 per cent increase in female labour force participation could boost India's GDP per capita by 1.5 per cent, while closing the gender gap entirely could add a staggering $770 billion to the economy by 2025.

A Crux study estimates the gender gap substrates three per cent from the GDP.

The study emphasises that the true cost extends beyond these figures. It stifles social progress and weakens the socioeconomic fabric. The Crux study ignites a powerful call to action: empower women. By doing so, we unleash a vast, untapped potential - millions of women ready to contribute their skills, fuel economic growth, and propel India forward.

A Ripple Effect of Empowerment

The Crux study paints a clear picture, reveals a powerful truth: as women enter the workforce, household incomes rise significantly. This newfound financial security is often invested wisely, with a focus on children's education and healthcare, strengthening families, equally fuelling economic growth and social progress. The ripple effect lifts the entire community.

Esta historia es de la edición July 27, 2024 de BW Businessworld.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición July 27, 2024 de BW Businessworld.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BW BUSINESSWORLDVer todo
'Committed to helping India achieve carbon neutrality'
BW Businessworld

'Committed to helping India achieve carbon neutrality'

R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products

time-read
2 minutos  |
December 14, 2024
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
BW Businessworld

INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS

Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan

time-read
3 minutos  |
December 14, 2024
AN INDUSTR BENCHMAR
BW Businessworld

AN INDUSTR BENCHMAR

The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta

time-read
3 minutos  |
December 14, 2024
The drip of good health
BW Businessworld

The drip of good health

IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.

time-read
2 minutos  |
December 14, 2024
"MACARONS FOR THE MASSES"
BW Businessworld

"MACARONS FOR THE MASSES"

CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences

time-read
4 minutos  |
December 14, 2024
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
BW Businessworld

NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT

WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.

time-read
3 minutos  |
December 14, 2024
THE HOLY GRAIL OF PROFITABILITY
BW Businessworld

THE HOLY GRAIL OF PROFITABILITY

Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles

time-read
6 minutos  |
December 14, 2024
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
BW Businessworld

"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"

S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission

time-read
5 minutos  |
December 14, 2024
Shaping the Future of Cyber Risk Management
BW Businessworld

Shaping the Future of Cyber Risk Management

With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific

time-read
2 minutos  |
December 14, 2024
THE PILLAR OF A RESILIENT DIGITAL FUTURE
BW Businessworld

THE PILLAR OF A RESILIENT DIGITAL FUTURE

The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals

time-read
6 minutos  |
December 14, 2024