Facebook Pixel THE SHE-CONOMY: UNLOCKING WOMEN'S POTENTIAL FOR NATIONAL GROWTH | BW Businessworld - business - Read this story on Magzter.com
Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

THE SHE-CONOMY: UNLOCKING WOMEN'S POTENTIAL FOR NATIONAL GROWTH

BW Businessworld

|

July 27, 2024

IMAGINE A NATION sitting on a trillion-dollar treasure chest yet struggling to pay its bills.

- Vikas Singh

THE SHE-CONOMY: UNLOCKING WOMEN'S POTENTIAL FOR NATIONAL GROWTH

This isn't a metaphor; it's the harsh reality for India, where over 100 million talented women - a vast, untapped resource are systematically excluded from the workforce.

This underutilisation isn't just a social injustice; it's a massive economic drag, throttling India's potential for sustained growth.

Beyond the Numbers

The global economy is a fierce competition, and India is playing with one hand tied behind its back. Studies by the World Bank and McKinsey Global Institute paint a stark picture: a 10 per cent increase in female labour force participation could boost India's GDP per capita by 1.5 per cent, while closing the gender gap entirely could add a staggering $770 billion to the economy by 2025.

A Crux study estimates the gender gap substrates three per cent from the GDP.

The study emphasises that the true cost extends beyond these figures. It stifles social progress and weakens the socioeconomic fabric. The Crux study ignites a powerful call to action: empower women. By doing so, we unleash a vast, untapped potential - millions of women ready to contribute their skills, fuel economic growth, and propel India forward.

A Ripple Effect of Empowerment

The Crux study paints a clear picture, reveals a powerful truth: as women enter the workforce, household incomes rise significantly. This newfound financial security is often invested wisely, with a focus on children's education and healthcare, strengthening families, equally fuelling economic growth and social progress. The ripple effect lifts the entire community.

MORE STORIES FROM BW Businessworld

BW Businessworld

BW Businessworld

What's Your Love Language?

Singles in India are becoming more authentic and intentional in their ask when it comes to finding life partners. A significant percentage want to be single

time to read

4 mins

May 02, 2026

BW Businessworld

BW Businessworld

Calibrated Measures During Heightened Economic Uncertainty

NIRMAL MINDA on how strong buffers and policy agility can steady India amid global volatility

time to read

2 mins

May 02, 2026

BW Businessworld

BW Businessworld

The Startup Ecosystem

are offering more equity precisely when the equity is least likely to pay.

time to read

3 mins

May 02, 2026

BW Businessworld

BW Businessworld

“Design is about a compulsion to express”

At BW Businessworld, we got in touch with renowned designer Raseel Gujral Ansal, who works across interior, spatial, and product design, to discuss her design journey, the latest art exhibition she has curated, and more.

time to read

3 mins

May 02, 2026

BW Businessworld

BW Businessworld

ETHANOL PIVOT

India's ethanol push gathers pace. Excerpts

time to read

1 mins

May 02, 2026

BW Businessworld

BW Businessworld

“In Uncertain Times, Leaders Must Create Certainty”

As Freshworks, which was the first Indian SaaS-based unicorn to get listed on Nasdaq in 2021, strides into a new era, BW Businessworld seeks out the company's President and CEO, DENNIS WOODSIDE, for an insight into how it is navigating global uncertainty, the Al opportunity and the road to a $1 billion annual recurring revenue (ARR). Excerpts of a conversation with Rohit Chintapali

time to read

7 mins

May 02, 2026

BW Businessworld

BW Businessworld

STORIES THAT HUMANISE INDIA'S FIGHTING FORCES

A former Army Chief distils legend, lived experience and institutional ethos into a compelling narrative of India's military life in The Curious and the Classified

time to read

3 mins

May 02, 2026

BW Businessworld

BW Businessworld

My Beliefin Entrepreneurs Powering India Story Stronger Today'

Marico founder HARSH MARIWALA opens up with Suman K. Jha on innovation, family businesses, global headwinds and much more. Excerpts

time to read

6 mins

May 02, 2026

BW Businessworld

BW Businessworld

"Microfinance Institutions Will Play A Key Role In Expanding Financial Inclusion"

AVINASH KUMAR, COO of DJT Microfinance, says the sector is moving from scale-led expansion to responsible, quality-driven growth

time to read

2 mins

May 02, 2026

BW Businessworld

BW Businessworld

Panasonic Life Solutions Hikes Digital Spends By 35-40%

In a conversation with BW Businessworld's Reema Bhaduri, outlines the company's AI-led marketing shift, digital-first media strategy and aggressive summer push, while balancing traditional trade strengths with new-age commerce and hyperlocal activation. Excerpts

time to read

3 mins

May 02, 2026

Listen

Translate

Share

-
+

Change font size