A FEW WEEKS ago, India’s Under-19 team led by Shafali Verma outplayed England in the final and won the inaugural ICC Women's U-19 T20 World Cup. And now, the Women’s Indian Premier League has become a reality. I am sure we all already have our favourite teams and players!
Off field, too, women have been achieving impressive milestones, and a generational shift in mindset is under way.
The female labour force participation rate rose to 25.1 per cent in financial year 2020-21, up from 18.6 per cent a year earlier. Payroll data released by the Employees’ Provident Fund Organisation shows that the share of women among new joinees rose to 27 per cent in financial year 2021-22, up from 21 per cent a year earlier. The ratio of women in leadership positions is also on the rise.
A direct consequence of more women entering the workforce is that they have started taking control of their finances. There is an increased propensity to save and invest as well.
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