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Gender parity in workforce can boost India’s GDP by 27%: IMF chief Christine Lagarde

by The Daily Eye Team September 8 2015, 3:25 pm Estimated Reading Time: 0 mins, 33 secs

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.

About Author

Piroj Wadia

PIROJ WADIA is a journalist of long standing, she was Assistant Editor for Cine Blitz and The Daily, and edited TV & Video World, India’s first & only authentic television magazine. She is equally ardent about television as she is about films, and critiques both. She has been keenly watching and observing television since the 1990s and has witnessed the industry’s growth and sea changes. She has served on the jury for the Indian Television Academy (ITA) and the Indian Documentary Producers’ Association (IDPA); and on the script committee of the Children’s Film Society, India (CFSI). Currently, she is researching on the contribution of the Parsis to Indian cinema.

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