iv. What is the role of women in India’s Economic growth story?
The economic role of women in India has traditionally been limited, with many women facing cultural, social, and economic barriers that prevent them from fully participating in the workforce. However, in recent years, there has been a growing recognition of the important role that women play in the Indian economy.
- The present contribution of women to the national GDP is around 18%.
- In India, women comprise 48% of the agricultural workforce and own only 13% of the land. Women in India constitute around 20% of the manufacturing workforce and around 30% of the total workforce in the services sector.
- At present, there are 432 million women of working age in India, out of which 343 million are employed in the unorganized sector.
- India has the 3rd largest ecosystem in terms of Startups in the world, and 10% of them have been led by women founders. Also, research shows that ventures started by women are more sustainable in nature.
In 2022, a survey among 250 Indian companies revealed that the share of women in the Chief Executive Officer or Managing Director roles has increased by 55% which reflected significant growth in their role in driving the economy.