Key Points
India and the Philippines have witnessed the largest decline in the labour force participation gender gap in the post-pandemic period, Moodys Analytics said in a report Wednesday...
The global risk management firm noted that narrowing of the gender gap since 2019 has added $1.5 trillion to global income, nearly half of which came from India and Japan, where gender gaps are still wide...
In Indias case, (gender gap is) more than four times the US or the EU, the report pointed out, noting that these larger gaps can often be traced to traditional gender roles and insufficient supportive policies for women in the workforce...
It also pointed out that in certain countries, a rise in female labour force participation without a concomitant increase in male labour force additions also contributed to narrowing the gap...
Even more promising is that this has been a global phenomenon, with significant progress seen not only in the U.S. and Europe but in most major countries in Asia and Latin America as well, it said.. Indias female labour force participation in urban areas rose to 25% in Q3FY24, according to data released earlier this month...
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