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Title: Closing gender gap in jobs by 2025 can add $1 trillion to India’s economy : ILO
Source:The Hindu Business Line
Date:15 June 2017

India’s economy could gain a whopping $1 trillion if it closes the wide gender gap in employment by 2025, says a new ILO report. India is among the countries that have the widest gender gaps at 52.1 points (the difference between the share of men and women who are either employed or are looking for jobs as a percentage of the population), along with neighbours Pakistan (57.1) and Sri Lanka 44.6. Despite high growth rate, India’s female labour force participation rate (FLFP) has remained low. International Labour Organisation (ILO) had in 2013 ranked India’s FLFP rate at 121 out of 131 countries. The report, World Employment and Social Outlook (WESO): Trends for Women 2017, released in Geneva on Thursday, estimates that if the goal set by G20 leaders in 2014 to reduce the gap in participation rates between men and women by 25 per cent by 2025 is realised, it could add $5.8 trillion to the global economy.




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