India Must Tap Into Female Talent to Invert the Economic Downturn

With such a large young population, India is the perfect pool of talent, however, we continue to see the lack of women participating in the workforce. More Indian women worked in the 90s than today and this was even before COVID-19 hit the world, so one can imagine the scenario right now, in this current economic downturn. With so much uncertainty all around us, unemployment is the biggest concern of the youth of the country. Did you know that 93% of India’s workforce operates in the informal sector? Also, did you know that more women than men lost their jobs due to the pandemic?

Many women who lost their jobs are struggling to get themselves re-hired

The government’s “Make in India” campaign is a much-needed boost for the Indian manufacturing industry, however, there also needs to be a focus on the participation of women in it. Observer Research Foundation reveals, “Addressing inequality in employment is something that it has not taken seriously. In the context of the unemployment gap between the two genders, turning the focus towards women may not just be something the program itself will benefit much from, but, as also an important social objective.” It’s safe to say that many SMEs and startups suffered in 2020 and even today, the burden of the pandemic is not yet over. The many women who lost their jobs are struggling to get themselves re-hired, hence there is a massive need for India to level the playing field, particularly in the manufacturing sector. 

A gender-inclusive workforce is good for business, not just from a “social perspective”

Here at ThiinkEqual, we believe in a gender-balanced and one way that India can reach its economic heights is through the inclusion of women and other genders in every sector, both formal and informal. We need to encourage the women around us to not only develop their skills but to use their skills to earn an income so that they can stand on their own feet. From women-run and owned companies to a balanced workforce, study after study has proven that a gender-inclusive workforce is good for business, not just from a “social perspective.” Moreover, the economy is slowly opening up again, thanks to the newly developed vaccine, companies need to ask themselves whether they are willing to level the playing for women to enter the manufacturing industry. Are they promoting “Make in India” among women too? We need more than just education women, India needs more working women.

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