Enhancing Workforce Participation: The Critical Need for Women in India's Economy

Business News on Women Employment in India

India is projected to need an additional 400 million women in the workforce by fiscal year 2047 to contribute significantly to its economy. According to the report by The/Nudge Institute, female labor force participation is vital for achieving a target $14 trillion economy. Presently, women's participation stands at 37%, necessitating an ambitious goal of reaching 70%.

Current Status of Women in the Labour Force

Statistics indicate that only 110 million women are expected to enter the workforce, creating a substantial shortfall of 145 million women required to meet the objectives. Gender disparities in job security are alarming, as women are disproportionately affected during economic downturns, especially in low-productivity sectors.

Challenges and Pathways to Inclusion

• Job Security Challenges: Women are significantly more likely to lose jobs and face hurdles in recovering post-job loss.
• Sectoral Disparities: Many women work in agriculture and manufacturing, where career progression is limited.
• Key Pathways: Redefining work through platform jobs, enhancing digital commerce, and addressing digital access barriers are essential for increasing women's workforce presence.

Addressing these critical challenges will play an important role in shaping the future of India’s economy and ensuring sustained economic growth.