Economic World

Sunday, January 28, 2024

Women work force for Economic Development

 Introduction: Begin by introducing the main subject and purpose of the article. Provide some contextual information about the current status of women's economic participation and empowerment worldwide. To support your points, you can utilize statistics or facts obtained from web search results. For instance, you may highlight that women contribute to 75% of the world's unpaid work, which plays a crucial role in supporting the global economy⁵. Additionally, you can mention that India ranks 120th out of 131 countries in terms of female labor force participation rates².


- Body: Delve into the influence of female labor force on the economic growth of various countries, regions, or sectors. Utilize examples from your web search results to illustrate how women contribute to economic diversification, productivity, income equality, and other positive development outcomes. For instance, you can mention that if approximately 50% of women were able to join the workforce, India could potentially increase its growth by 1.5 percentage points, reaching 9% annually². Furthermore, highlight that empowering women economically has the potential to uplift entire families and communities out of poverty³.


- Conclusion: Summarize the key points and arguments presented in the article. Emphasize the significance and advantages of women's economic participation and empowerment for both the global economy and society. Additionally, provide recommendations or suggestions for enhancing the situation of women in the labor market. These may include expanding secondary education, ensuring public safety and reliable transportation, or promoting gender equality policies and legislation.


Source: (1) How Women Make The Economy Better - Forbes. https://www.forbes.com/sites/forbesagencycouncil/2022/01/18/how-women-make-the-economy-better/.

(2) Women in India's Economic Growth - World Bank Group. https://www.worldbank.org/en/news/speech/2018/03/17/women-indias-ec.

Keynes Multiplier

Keynes Multiplier