Key Points
During Modis 10 years in power, India has jumped four spots to become the worlds fifth largest economy, and analysts are confident that his government can turn the country into an economic superpower, behind only the United States and China by 2027.. ..
This is in stark contrast with China, where for several decades, women have been powerful players in the economic boom.. . Job creation, particularly for women, is literally an unspoken emergency in the country, said Chandrasekhar Sripada, a professor at theIndianSchool of Business, adding that the problem is so humongous that there are no magic solutions and silver bullets...
As a result, some of the worlds biggest firms, including major Apple (AAPL) suppliers such as Foxconn, are expanding their operations significantly in India, and many of them are hiring women in large numbers, government officials in Tamil Nadu told CNN.. ..
Much of this change is visible in Tamil Nadu, Indias industrial powerhouse where companies such as Foxconn and Samsung have manufacturing plants.. . Over 40% of Indiasfemale factory employees work in the southern state, said Vishnu Venugopalan, chief executive of Guidance Tamil Nadu, the states investment promotion agency.. . Indias most valuable conglomerate, the 156-year-old salt-to-software Tata Group, is also trying to improve diversity at its various manufacturing plants across India.. ..
One of its units, Tata Power, has built a new solar cell and module factory where 80% of the workers are women.. . Deepesh Nanda, the president of renewables at Tata Power, told CNN that while it can be difficult at times to improve diversity in an existing setup, having a clean slate helped the company set a benchmark.. ..
