Key Points
Olia Kuranova of Moody's discusses the impact of narrowing the gender labour force participation gap, estimating $1.5 trillion added to the global economy..
Change in global attitudes towards remote work and hybrid arrangements has created opportunities for women in particular.ETMarkets.com..
We estimated that roughly this has added $1.5 trillion into the global economy via incomes and one of the main drivers of this change has actually come from India and we then moved on and we looked at the driving forces behind what is narrowing the gender gap for women and inciting them to come back into the workforce...
Olia Kuranova: One of the key findings in our report is that since the pandemic, gender gaps in labour force participation have been narrowing across the world and this has been a truly global phenomenon..
India, for example, continues to have one of the biggest gender gaps in labour force participation in the world despite this narrowing of the past few years, the gap between the percentage of working age men who are engaged in the labour market and the percentage of working age women engaged in the labour market is more than 40 percentage points...
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