For the year 2022, World Bank's data states that female labor force participation rate in the world was 47%, while in India it was 24%. To make India a global superpower, it is thus necessary to have a more inclusive workforce comprising women, driving overall economic growth.
In recent years, India has taken significant steps to enhance women's participation in the labor force and promote gender equality within the economy. By fostering a more inclusive and equitable economy, India has the opportunity to unleash the full potential of its workforce and propel its economic growth forward.
Changing Winds
With the projected economic growth in India, it is more important than ever for women to invest wisely and plan for their financial goals. Understanding financial planning can empower women to take control of their financial future and make informed decisions about their money. Additionally, financially literate women can serve as positive role models for their families and communities by sharing their expertise and empowering others to take control of their finances.
This story is from the April 2024 edition of Investors India.
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This story is from the April 2024 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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