Tapping the Latent Resource (Women) as a Potential Contributor towards Increasing GDP

Abstract

Women as contributors to the GDP have been undermined since ages. Despite
constituting half of the talent pool, due to lack of employment in the formal sector,their
economic contribution has been almost negligible. Roping in women in the mainstream
can lead to increase in GDP has been highlighted by a study by Mckinsey Global
Institute. It is predicted that maximum opportunity of increasing GDP lies with India
through potential participation of women with a scope of adding 60% to GDP. The
work of Indian women who are not in the mainstream labour force are not taken into
account directly for calculating their contribution to the economic growth of Indian
economy. They haveacquired certain skills during their formative years which goes
untapped as they don’t realize that they have potential to contribute towards the
economic growth and the GDP. Hence their resources remain latent which if properly
utilized can be a formidable force in the trajectory of economic growth.