India will need women’s participation in the workforce to raise the global average by 48 percent over the next 10 years. A senior official ‘Niti Aayog CEO Amitabh Kant’ said that it would add 700 billion in GDP growth.
Kant said women constitute almost half of India’s population and development is not possible at a high rate of 9-10 percent if half the population is not in the workforce. And, it is the responsibility of men to ensure that they bring women into leadership positions.
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Women have a very important role in our country, assuming that 75 million women are joining the workforce in India for the next decades. Let us tell you that currently we have only 27 percent of women’s participation in the workforce and we have to take it to the world average of 48 percent.
While launching the Women transformation India(WTI) award entries for this year, Kant said that if we are able to take it up to 48 percent for the next 10 years, we will be adding a worth close to 700 billion in the Indian economy.
Niti Aayog’s view is that women have the ability to do better than men if given the opportunity, so there is a need to create entrepreneurship among women in India.
The first WTI Awards were given by the Vice President in 2018 and the next one will be announced by the end of this year.
To bring more awareness about entrepreneurship among women in India, Niti Aayog is currently partnered with United Nation, PWC, WhatsApp.