The power of parity: Advancing women’s equality in India | McKinsey & Company

India has a larger relative economic value at stake from advancing gender equality than any of the ten regions analyzed in a recent McKinsey Global Institute report, The power of parity: How advancing women’s equality can add $12 trillion to global growth.

If all countries were to match the momentum toward gender parity of the fastest-improving countries in their region, $12 trillion a year could be added to global GDP. What’s more, India could add $700 billion of additional GDP in 2025, upping the country’s annual GDP growth by 1.4 percentage points (exhibit).

Our new report, The power of parity: Advancing women’s equality in India, reveals that about 70 percent of this “best in region” potential would come from raising women’s participation in India’s labor force by ten percentage points between now and 2025, bringing 68 million more women into the labor force—70 percent of them in just nine states. This will require bridging both economic and social gender gaps. To determine this, we have created a measure of gender equality for Indian states: the India Female Empowerment Index, or Femdex. Our analysis shows that scores vary widely, and India’s challenge is that the five states with the lowest gender inequality account for just 4 percent of the female working-age population; the five states with the highest inequality account for 32 percent.

Eight priority actions can help accelerate progress, including education and skill-building, job creation in key sectors, corporate policies to promote diversity, and programs to address deep-rooted mind-sets about the role of women in work.

Source: The power of parity: Advancing women’s equality in India | McKinsey & Company

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One Comment to “The power of parity: Advancing women’s equality in India | McKinsey & Company”

  1. The power of parity: Advancing women’s equality in India….. I find this very interesting and informative, to say the least.

    India is a vast country, any progress towards parity in gender would have an enormous impact not only on the GDP but also on the well-being of the population in various states. Though progress has been made but still lot more remained to be achieved!

    I whole heartedly agree with the eight priority actions stated above to make progress on this important subject matter, but the mind-set of the people from the birth of a child should be changed i.e. the birth of girls should be as cherished as that of boys!

    Like

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