Building a Sustainable, Equitable and Digital Future

The Economic Times Women in Tech Forum

Women have been closing the gender gap when it comes to education. Research shows 45.9 per cent of all enrolled undergraduate students as well as 40.5 per cent of all enrolled PhD students in India today are women. On the other hand, the labour force participation rate of women has been falling.

By increasing women’s participation in the labour workforce, a nation can accelerate its GDP to significant levels. But, women’s presence from the Indian workforce has plunged from 35% to 25% over a decade ago. Also, India’s rank in the World Economic Forum Gender Gap Index has slipped by around 20 slots to 112.

This is even though over 70 per cent of the potential GDP opportunity comes from increasing women’s participation in the labour force by 10 percentage points, a McKinsey report mentions.

 

Talking about sectors here, women participation in the tech domain has been dismal.  Albeit, when compared with the US, women participation in the STEM (science, technology, engineering, mathematics) education pipeline has gained traction in India with about 43% opting for STEM. In the US, the number stands abysmally low at 4%.

However, there’s an exodus of these women techies as nearly 50% quit their jobs in junior to mid-level. Low pay-scale, family way, childcare, unfair treatment are some of the reasons for the mass exodus of women techies.

Let’s not deny the fact that every generation begets some extraordinary female leaders and they play a crucial role in influencing the next generation. It is important to find out solutions so that women can don the hat of digital innovators.

It is important that millennials create history which could be followed by Gen Z and Gen Alpha.

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The Economic Times Women in Tech Forum