Indian women to overtake men in employment
Indian women are all set to overtake their male counterparts in the employment growth rate, says an industry report.
As the Indian economy heads towards a double-digit growth, women have surpassed men in terms of employment growth rate with a 3.35 per cent rise in employment between 1998 and 2004 as against a fall of about 8 per cent in the case of men, according to a study by the Associated Chambers of Commerce and Industry (ASSOCHAM)- Women Employment Growth Rate and Gender Budgeting.
"Growing employment opportunities for women mark a significant improvement in their social status and gender justice besides imparting economic power," Venugopal N Dhoot, president, ASSOCHAM said in a statement.
According to the analysis, during the period 1998-2004, the growth rate for women employed in the public sector remained positive while it was negative for men.
"The public sector added women into the workforce at an average rate of 0.83 per cent per year simultaneously dropping men at an average rate of 1.34 per cent during 1998-2004," said the report.
In the private sector too, the growth rate for women remained positive.
"Men had a difficult deal in private organisations as well and faced a negative growth rate," it added.
Lauding the 2007-2008 union budget for being gender sensitive, Assocham said the measures announced in the budget would be instrumental in creating further employment opportunities for women, paving yet another way for empowering women.
"Although a fine job has been done as far as allocation of funds is concerned, it is all the more important to ensure that the desired results are attained," Dhoot said.