CII Report: India's Female Labour Force Participation Needs Urgent Policy Boost
The Confederation of Indian Industry (CII) has released a research study, 'Declining Female Labour Force Participation in India', highlighting the need for targeted policy actions to empower women's participation in underrepresented sectors. The report suggests expanding education and workplace incentives as key strategies. Meanwhile, the World Economic Forum's Global Gender Gap Report 2021 reveals a widening gap, with an estimated 135 years needed to achieve parity.
CII, in collaboration with UNDP, previously conducted the 'Engendering the Manufacturing Sector' project in 2021, emphasizing the need for an Action Plan 2025 to boost women's empowerment in India's manufacturing sector. Despite India closing 62.5% of its gender gap, its rank fell to 140 due to a decline in political empowerment. Globally, women account for around 39% of the labour force, with the largest gender gap in political empowerment, currently at 22% closed.
The COVID-19 pandemic has exacerbated the issue, with women's job loss rates 1.8 times higher than men's. Urgent action is needed from global policymakers, as advancing gender equality could add US$ 13 trillion to global GDP by 2030, while delay could reduce it by around US$ 5 trillion.
CII's latest study underscores the importance of targeted policies to empower women's participation in India's workforce. Globally, the widening gender gap necessitates immediate action from policymakers to empower women and close the gap, ensuring a more equitable and prosperous future.
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