World Bank report says India can clock double-digit growth if women share in total labour force increases

World Bank said nearly two-thirds of Indian women with college degrees are without jobs

Reuters May 30, 2017 11:08:08 IST
World Bank report says India can clock double-digit growth if women share in total labour force increases

India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday.

Such reforms would boost household earnings and reduce poverty, besides creating better health and education conditions for the women's children, it said.

Asia's third-largest economy has been growing at around 7 percent for the past three years. Policy makers aspire to copy China's three decades-long double-digit growth miracle that dramatically reduced poverty and increased per capita income there.

World Bank report says India can clock doubledigit growth if women share in total labour force increases

Reuters

Women's labour force participation in India declined to 27 percent in 2011-2012 - among the lowest in the world - from near 40 percent in early 2000s.

While one-third of this decline was due to better education opportunities for girls in the age group of 15-24 years, the rest was because of India's inability to create enough jobs in the manufacturing and services sectors.

Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for educated graduates is far higher than that in Bangladesh, Indonesia and Brazil.

The report urged the Indian government to adopt a more female- and labour-intensive export growth strategy along the lines being practiced in Bangladesh. It also asked New Delhi to improve work connectivity and support female entrepreneurs to create more jobs for women.

Since taking office in 2014, Prime Minister Narendra Modi has launched a programme for skills development and also set up a subsidised loan scheme for businesses led by women.

He has unveiled a near $1 billion fiscal package for the textile sector, aiming to create more jobs for women.

To improve flexibility for female employees, the Indian parliament recently passed a law that has doubled maternity leave and allowed female employees to work from home.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

World Students’ Day 2020: Narendra Modi, Amarinder Singh remember APJ Abdul Kalam on 89th birth anniversary
India

World Students’ Day 2020: Narendra Modi, Amarinder Singh remember APJ Abdul Kalam on 89th birth anniversary

Kalam was also known as the 'Missile Man of India' for his work on Pokhran-II nuclear tests in 1998 when a series of five nuclear bomb test explosions were conducted by India

PM Narendra Modi, biopic starring Vivek Oberoi, to re-release on 15 October post reopening of theatres
Entertainment

PM Narendra Modi, biopic starring Vivek Oberoi, to re-release on 15 October post reopening of theatres

PM Narendra Modi producer Sandip Ssingh says the controversies at the time of the film's initial release in May 2019 had impacted its box-office performance.

Centre launches mass COVID-19 awareness drive; India's tally crosses 68 lakh, Delhi surpasses 3 lakh cases
India

Centre launches mass COVID-19 awareness drive; India's tally crosses 68 lakh, Delhi surpasses 3 lakh cases

The recovery rate among COVID-19 patients also climbed to 85.25 percent as 58,27,704 persons have recuperated from the infection so far, the Union health ministry said.