Womenomics: Why India Needs to Engage its Women in the Workforce
In 2020, India’s female labour force participation rate was 24.8%, which means that 3 out of 4 Indian women do not work. Not only does this number put us behind our neighbours Bangladesh, Nepal, and most of sub-Saharan Africa, but it is also trending downwards, declining by almost 10% in the past 15 years. So while Indian women have made strides in higher education, they also continue to drop out of the economy. Why is this a cause for concern? Firstly, women’s economic empowerment is critical to achieving gender equality. Paid employment allows women control over their own resources, access to financial institutions and social protection, increased independence and decision-making power in their households and communities, and a platform for participating in public life and institutions.