India’s GDP can expand by a whopping 27 per cent if the number of female workers increases to the same level as that of men, International Monetary Fund’s chief Christine Lagarde said today.
This is much higher than the positive impact a 50-50 gender parity in workforce can have on the economies of the US and Japan at 5 per cent and 9 per cent respectively.
Speaking at the launch of W20, a grouping of women leaders from the world’s 20 largest economies including India, Lagarde said that “it is an absolute economic no-brainer” that empowering women boosts economic growth.

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