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India wants to be the next China. 500 million women hold the key

·1 min

India’s goal of becoming a $5 trillion economy by the end of the decade is being hindered by the lack of employment opportunities for its citizens, especially women. Only about one-third of India’s working-age women are active in the labor force, well below the global average. This is a significant problem as the World Bank estimates that India could boost its economic growth rate if more women were in the workforce. While the government has implemented policies to encourage women to join the workforce, there are still cultural barriers that need to be addressed. However, with the current shift of supply chains away from China, there is an opportunity for India to attract international companies and create more jobs for women.