India`s income will go up by 27 per cent with women involvement

Admin 15-Nov-2016 11:17:09 Inothernews

India`s income will go up by 27 per cent with women involvement


Indias national income would increase by 27 per cent if the participation of women in the workforce matches the level of men, IMF Managing Director Christine Lagarde has said. Delivering a speech on Womens Empowerment: An Economic Game Changer in Los Angeles, 60-year-old Lagarde said equal pay and better economic opportunities for women boost economic growth and create a bigger pie for everyone to share.



Lagarde said governments have a key role to play when it comes to economic incentives that provide women a fair shot in the labour market.


“We need to promote affordable childcare, parental leave, and workplace flexibility. We need to increase women’s access to finance and remove legal barriers that still exist in most countries,” she said.


“We also need to push for smarter tax policies, including here in the US. Think of tax reforms to help low-income families, which are disproportionately headed by women. And think of the benefits of reducing taxation on secondary earners in households, who are—again—mostly women,” she added.

“So if you add up all things that can be done in each country, you get a powerful global impact. A global economic game changer,” Lagarde said, adding that most important countries have understood the need for gender equality, including the G20 grouping that account for 85 per cent of the world GDP and two-thirds of its population.

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