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.
Denne historien er fra July 27, 2024-utgaven av BW Businessworld.
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Denne historien er fra July 27, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
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