The rapid economic growth in the country has fuelled growth in the social sector too. The Battle for Female Talent in India, a recent study conducted by New York-based think tank Centre for Work Life Policy reveals that a whopping 80% of Indian women display ambition and aspiration towards their career. The corresponding figure for women in the US is 52%. However, the study also finds that unlike in the US, women in India face certain “cultural and societal challenges” that lead them to settle for dead-end jobs or leave the workforce altogether. The research establishes that the rich talent pool of college-educated aspiring women holds the key to the long-term success and growth prospects of dynamic fast-growing economies such as India.
The research, sponsored by Bloomberg Lp, Booz & Company, Intel, Pfizer, Siemens AG, Goldman Sachs and Interpublic Group, identified five fundamental factors that hamper the professional path of Indian women: eldercare, workplace gender bias, safety concerns, travel and extreme hours.