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Industry must use its position to work with all stakeholders in championing and “empowering the greater 50%”. For it is only where women work that economies grow rapidly and countries prosper. Do you agree? Comment.

Topic : GS-1: Social empowerment,,

GS-2: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

3. Industry must use its position to work with all stakeholders in championing and “empowering the greater 50%”. For it is only where women work that economies grow rapidly and countries prosper. Do you agree? Comment. (250 words)

Reference: Hindustan Times 

Why the question:

The article presents to us the correlation between boosting women’s entrepreneurship and economic leadership.

Key Demand of the question:

Explain the need to recognise and engage Women leadership more actively to ensure rapid economic growth and sustainable growth of countries.

Directive:

Comment– here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon.

Structure of the answer:

Introduction:

Women’s representation in leadership positions has been on a rise in recent years, but not enough to close the economic opportunity gap.

Body:

Discuss the disparity function that is evidently seen in the case of India. The disparity is particularly striking in India. It ranks 112 out of 153 countries on the overall Global Gender Gap Index. The Covid-19 pandemic seems to have applied brakes in several areas where workplaces were becoming more diverse as well as areas where access to resources across gender had become more equitable. The pandemic has hit the most vulnerable the hardest, making these disparities worse. Oxfam India has estimated the economic loss from women losing their jobs during this pandemic at nearly $216 billion.

Explain why there is a need to transform challenges into opportunities and accelerate the shift towards both greater inclusion of women in the workforce and women-led entrepreneurship. Give suitable examples.

Quote the efforts of the government in this direction.

Conclusion:

Conclude with way forward.