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India can increase GDP by more than a quarter by giving more women jobs

India can increase GDP by more than a quarter by giving more women jobs

by The Daily Eye Team July 26 2014, 8:32 am Estimated Reading Time: 0 mins, 47 secs

The rate of India’s female graduates entering the workforce is lower than the rate of illiterate women finding a job. India ranks the second lowest in the Group of 20 economies when it comes to women’s participation in the workforce, according to a report published by aid group Oxfam this month. It is above only Saudi Arabia, a country that does not allow its women to drive. That is bad enough, but it doesn’t end there. When it comes to women’s economic participation, India’s position seems fixed at the bottom even when we compare it to the entire world and not just the 20 major economies. It ranks 124 out of 136 nations, according to a World Economic Forum report from last year. All the BRICS nations rank much higher than India. The 12 countries below India include countries driven by political instability, such as Pakistan, Egypt and Syria.

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