Breaking News

You are here » Indian-Commodity  :  Economy  :  India can add $700 billion to its economy if women workforce doubles: Amitabh Kant


India can add $700 billion to its economy if women workforce doubles: Amitabh Kant

Expressing optimism over growth of Indian economy, the NITI Aayog's chief executive officer Amitabh Kant said that if the women workforce increases to 48% from the 24% present, the country can add an additional $700 billion to its economy. He added that for this, attention should be on women's health and education. He also said that India can grow at a rate of 9% to 10% only if there is gender parity.

Elaborating further he said only 24% of the women in the country work, while the percentage is 48 across the world. In order to achieve this, men have to push women into employment. He said there is a need to create jobs for women for which their education and nutrition, especially in rural areas and eastern parts of the country, were imperative.

Talking about challenges India faces to achieve growth, Kant said creation of a world-class infrastructure like in China is a challenge to India where there is a mismatch between demand and supply. He also said that the government should take up greenfield infrastructure projects on roads and airports and allow private sector for operations and maintenance.

Related News

View all news

RBI's board to set up expert committee to examine ECF

The Reserve Bank of India's (RBI) Board meeting concluded on a cordial note. In the high profile meeting, which came amid the differences between the government and the RBI, the board agreed to ease liquidity......

RBI to infuse liquidity worth Rs 8000 crore through purchase of G-secs under OMO

Amid recent liquidity concerns, the Reserve Bank of India (RBI) has decided to infuse Rs 8,000 crore through purchase of the government securities (G-secs) under Open Market Operations (OMO) on November......

Investments through P-notes hit over 9-year low of Rs 66,587 crore in October

The share of foreign portfolio investments (FPI) through participatory notes (P-notes) in domestic capital markets has declined to nine-and-a-half year low of Rs 66,587 crore at the end of October. According......

Top News

View all news

Megastar Foods planning to incorporate subsidiary

Megastar Foods is planning to incorporate a subsidiary Company. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2018, to consider the same. Megastar Foods is......

Lupin launches generic Tetrabenazine Tablets

Lupin has launched Tetrabenazine Tablets, 12.5 mg and 25 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin's Tetrabenazine Tablets, 12.5 mg and 25......

UPL's arm signs definitive agreement to acquire entire stake of IBC

UPL's wholly owned subsidiary-- UPL Corporation, Mauritius has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD......