Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 5 years
KEY POINTS
· A path-breaking 2010 McKinsey study, “Women Matter”, found out that companies with a higher proportion of women in leadership positions posted about 41% higher returns on equity, and 56% better operating results.
· As per the 2018 Mastercard Index of Women Entrepreneurs (MIWE), only 11% of businesses in India are owned by women.
· Additionally, the index specifically identifies India as a country where the opportunities available to women to become business leaders or professionals, are the least.
· In the larger scheme of things, India’s $5 trillion economy vision will be possible only when women are actively brought into the fold.
· This will require the glass ceiling to be broken, and will necessitate its complete dismantling. The challenges can be addressed with a careful, conscientious and diligent review of the existing conditions.
· While some of these challenges are inter-generational and improvements will require larger societal behavioural change over time, others can be implemented in a short span.
· Gender gaps in economic participation and missed opportunities can be addressed with strategic policies and programmes, curated to address the existing inadequacies.
· There are efforts underway to better understand these factors through initiatives, NITI Aayog’s Women’s Index for Socio-Economic Opportunities, which will be used to develop actionable policy interventions, at the state and central levels.
· For women entrepreneurs, who are able to overcome the typical social challenges, the barrier to entry still remains high.
· Besides the government efforts, there are numerous initiatives by private sector aimed at promoting women entrepreneurship, including corporates, PSUs, financial institutions, civil societies, international organisations.
· Thus several of these initiatives and programs often remain under-subscribed, as beneficiaries can’t access information timely and methodically.
· Women entrepreneurs often miss out on the right kind of mentoring support in addition to other challenges.
hema 5 years
Kindly review thank you
IAS Parliament 5 years
Good answer. Try to stick to word limit. Keep Writing.
Shantanu tiwari 5 years
Please review
IAS Parliament 5 years
Good answer. Keep Writing.
Dileep 5 years
Kindly review sir!!
IAS Parliament 5 years
Good attempt. Keep Writing.
Pavithra. N 5 years
Pls review
IAS Parliament 5 years
Avoid writing names in the answer. Try to underline key points and add reports and data to support your arguments. Keep Writing.
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