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

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Import duty on major edible oils cut

The government has reduced the Basic Customs Duty (BCD) on major imported crude edible oils with a view to moderating domestic edible oil prices, providing relief to consumers and mitigating inflationary pressures arising from the sharp increase in international edible oil prices.  

From pyramid to platform: BRICS agenda for Global South

In his opening address at the 18th BRICS Summit in New Delhi on September 12, prime minister Narendra Modi did something India`s diplomacy has been building towards for three years: he moved the ‘Voice of the Global South’ from a slogan to a work plan. Addressing the leaders, he argued that t

How to realise the full transformative potential of PM-JAY

The Pradhan Mantri Jan Arogya Yojana (PM-JAY), a welfare scheme which covers approximately 45 crore beneficiaries across India, provides cashless health cover of Rs. 5 lakh per family per year. It is the largest health insurance scheme which helped crores of poor families by reducing out-of-pocket expend

The missing men in India`s family planning story

Every pregnancy requires two people. Yet India`s family planning programme continues to ask only one of them to bear almost all of its medical consequences. The newly released National Family Health Survey-6 (2023-24) confirms just how entrenched this asymmetry remains: 36.5% of currently married women a

`Development must be judged beyond GDP, with rights and justice at core`

Delivering the IXth Chief Justice M.C. Chagla Memorial Lecture on ‘Human Rights and Sustainable Development Goals’, in Mumbai Friday,  former Chief Justice of India Bhushan R. Gavai questioned whether conventional economic indicators such as gross domestic product (GDP), national income,

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter