India’s growth in able and skilled hands
1 year, 11 months ago

India’s growth in able and skilled hands

Deccan Chronicle  

HYDERABAD: The world’s population has surpassed the 8-billion mark. As India aspires to become a five trillion USD economy, studies on the subject say that if women contribute in a ‘full-potential’ scenario – that is if women participate in equal numbers as men,India would add $2.9 trillion to its annual GDP in 2025. India’s Paradox – Case of Missing women The Global Gender Gap report 2021 shows that only 22.3% of women in India participate in the labour market, leading to a gender gap of a whopping 72%! Comparing patterns of women’s employment in four major Asian economies: using sociocultural, politico-economic and institutional perspectives, a recent study highlights that unlike China, Japan and Korea, the percentage of women in the total labour force in India has been in decline since the 1970s in both organized and unorganized sectors’. Sadly a ‘negative income effect’ where higher education attainment for a woman and an increase in her husband’s income is making women step out of the labour market.

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