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Fri, Oct 18, 2019 | Last Updated 1:36 am IST

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Why female workforce participation should be more?

Why female workforce participation should be more?
Why female workforce participation should be more?
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Reportedly there are many women in India who are engaged in unpaid care work and as a result not a part of the workforce. Over the last few years, many efforts in India are being made to reduce inequalities between men and women and to bring them at par, not just at the workplace, but also in politics, in businesses and to make them breadwinners for their families. And why not, since evidence points out that increasing women’s participation in the workforce will lead to an increase in GDP.

 Why female workforce participation should be more?

If female workforce participation (FWP) were to increase by 10%, it would add $700 billion to India’s GDP by 2025. Further, as per a 2015 McKinsey Report, if participation of females in the workforce were the same as males, India’s economy would see a 27% increase in GDP, a bigger impact than in any other region in the world.

 


Moreover labor force participation rate for women has been decreasing, going from 36% in 2005 to 27% in 2017 (compared to 82% for men). Currently, women in India contribute one-sixth of economic output, among the lowest shares in the world and half the global average. While there are several interventions by the government, civil society, and the private sector, to make the labor market gender inclusive, there is a need to ensure that such interventions are successful.

 


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