India is much below the worldwide average, scoring 64.1% on parity, having dropped two spots from the previous year. It is ranked 142nd globally in the economic parity and opportunity sub-index, which is one of the lowest. With women receiving an average of Rs 39.8 for every Rs 100 earned by men, it is ranked 120th in the world for income equality for identical employment.
The issues of school enrollment and political empowerment are two uncommon advantages, but they do not convert into practical advantages for women. Higher schooling experiences a dramatic decline in enrollment. China, South Africa, Brazil, Vietnam, and other developing nations are placed far higher. India is ranked lower than Bangladesh, Nepal, Sri Lanka, and Bhutan. Only Pakistan, with a rating of 145, lags behind India in South Asia.
Source: The World Economic Forum
Gender inequality is the main social and economic problem dragging India down. Every internal poll has revealed this. The female labour force participation rate (LFPR) is approximately one-third that of the male LFPR, according to the results of the Periodic Labour Force Survey (PLFS). There has been a slight uptick recently, but it is more detrimental than beneficial. The rate went up as more women began working in family businesses in distress-driven livelihood roles.
Their percentage of regular employment decreased. A large portion of the work done by women is unseen and unpaid. There is no use in contesting the rankings on the grounds that the methodology is flawed or that there is bias against India. Every country uses the same yardstick, and the results line up with our observations, experiences, and the findings of internal surveys.
Source: Mirror Now
If half of India’s population lacks economic empowerment, the country cannot progress both socially and economically. In India, women make up just 18% of the workforce. A 30% rise in GDP can result from closing the gender wage gap. However, that is only possible if significant adjustments are made to economic policies, social attitudes, health care, and education.
It should be highlighted that although the nation has not yet begun investing in women, they should account for half of the anticipated demographic dividend in the coming years. The duplicity displayed with the Women’s Reservation Bill demonstrates a lack of dedication to the cause of women. Women are always left behind in a nation where politics is dominated by patriarchy, and no political party is real about it.
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