[ #thread on women's employment] Surprise surprise!
India’s economy is in big trouble. In the last week of August, the federal government admitted that the country's GDP had shrunk by around 24%. For context, GDP of the US contracted by around 9%.
What can the government do? Many things. But consider this.
A 2020 United Nations Global Compact study found that raising women's participation in the labour force to the same level as men can boost India's GDP by 27 %.
Not bad, eh?
But, only countries like Iran, Jordan and Lebanon are worse off than India when it comes to female Labour Force Participation rate - the share of women aged 15-64 who report either as being employed, or being available for work. India's is 24.8% in 2020. Down from 34% in 2006.
One of the biggest fears of dipping employment figures for younger women is an increase in early age marriages. Considering, there were 5,584 phone calls to prevent underage marriages across the country between March and June, the situation might be worse than we think.
With more and more people returning to their villages post- #lockdown, competition for farm work has increased, pulling the wages down considerably. This affected the women most.
All the four stories I did for @Forbes on women's employment in India can be found here [one more in edit]. CC: @VibhutiJPatel, @ramreddy, @MrinalPande1 @Laadli_PF
https://www.forbes.com/search/?q=raksha%20kumar#61a15e13279f
You can follow @Raksha_Kumar.
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