How India could speed up the financial inclusion of women
Relevant data analysis and an outreach by women business correspondents can close our gender gap
Over the past year, the covid-19 pandemic has thrown existing inequalities into sharp focus. While the nation’s attention has been drawn to the plight of migrant workers and farmers, the worsening gender gap has not received similar attention. Analysis of the Centre for Monitoring Indian Economy’s Consumer Pyramids Household Survey data by researchers at Azim Premji University showed that women were seven times more likely to lose their jobs during last year’s lockdown, and 11 times more likely to not return to work. An ongoing survey (tinyurl.com/z8f574vy) on micro, small and medium enterprises by Global Alliance for Mass Entrepreneurship and LEAD at Krea University shows that women-owned small businesses were hit more badly by the pandemic; 43% of women-owned enterprises surveyed reported monthly profit less than ₹10,000, compared to just 16% of units owned by men.