McKinsey Study was conducted in 95 countries
India's Gross Domestic Product in 2025 and participation of women in workplace - McKinsey MGI's study. The Study by McKinsey was conducted in 95 countries.As per the Report, their full-potential scenario says that for India gender parity could add $2.9 trillion (Rupees 203 Lakh Crore or Rs. 20,30,00,00,00,00,000 or Rupees 2 Thousand Thirty Kharab) to India’s 2025 GDP. Their lower end scenario (which they have defined and named it as best-in-region-scenario) says that gender parity could add $700 billion (Rupees 49 Lakh Crore or Rs. 4,90,00,00,00,00,000 or Rupees Four Hundred Ninety Kharab) to India's GDP 2025. Gender parity could add to World's GDP too. They were spurred towards this study by the oncoming 20th anniversary of the Beijing Declaration.
India's GDP would expand by 27% if its women participated in the workplace at rate same as men. India has one of the largest gender gaps but it also has the biggest relative scope.
75% of global unpaid work is done by women. Economic benefits emanating from equality in work can create momentum toward a further narrowing of gender gaps. For India and also for the world it is important to first understand the gender equality landscape in sufficient detail to be able to prioritize action. Then that knowledge is to be used to bring about change.
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".. India could add 60% to 2025 GDP by bridging gender gap at work: McKinsey
A new study conducted in 95 countries places a definitive value to increased women’s participation in the workplace .."
".. India can increase its 2025 gross domestic product (GDP), estimated at $4.83 trillion, by between 16% and 60% simply by enabling women to participate in the economy on par with men, according to a new study by the McKinsey Global Institute (MGI). .."
".. Using 15 indicators of gender equality, the MGI report says it is “the most comprehensive attempt to date to estimate the size of economic potential from achieving gender parity and map gender inequality”. .."
".. Gender parity is lowest in South Asia (excluding India) and highest in North America and Oceania. .."
".. The workplace gender gap manifests itself in three ways.
First, women do not participate in the same numbers as men ..
Second, women work fewer hours than men .. And finally, women are disproportionately represented in lower productivity sectors such as agriculture. Shifting women into higher productive sectors such as .."
".. “A lot of work done by women is invisible, unquantified, unrecognized and unrecognizable,” says economist Ritu Dewan, president of the Indian Association of Women’s Studies. .."
".. Companies such as Flipkart, Vodafone, Accenture and Godrej recently announced enhanced maternity leave policies, .."
".. focusing on gender diversity .. increased paternity leave .. have women employee mentorship programmes, a women’s network and training and leadership development for its women employees, .."
".. “economic development alone is not sufficient for women to achieve their full potential”. For instance, while violence against women does tend to decrease as per capita GDP increases, it remains a global priority issue where women are not immune from violence even in the richest economies.
The relationship between gender equality at work and overall economic development is even more nuanced. .."
".. Any strategy to bridge gender gaps will need to recognize significant variations in inequality within countries. In India, for instance, the issue of sex ratio is largely concentrated in the north, while child marriage is an issue that plagues the east. Labour force participation shows larger gaps for urban women at 22%, against 38% for rural women. .."
----------------Find this at http://www.livemint.com/Politics/vGSjSt72LCVC6sRYezfFxM/India-could-add-60-to-2025-GDP-by-bridging-gender-gap-at-wo.html . Find charts in image there.
This news item is from September 2015.
For clearer charts you may visit
https://medium.com/@mckinsey_mgi/the-power-of-gender-parity-for-business-and-the-economy-9c66fad0a471
and
https://blogs.wsj.com/economics/2015/09/24/want-to-boost-global-growth-by-trillions-improve-gender-equality-mckinsey-report-says
and
https://www.mckinsey.com/global-themes/employment-and-growth/how-advancing-womens-equality-can-add-12-trillion-to-global-growth .