Money9 Edit | Financial empowerment of women in India remains a long haul

The World Economic Forum’s Global Gender Gap report has once again put the spotlight on the numerous hurdles faced by women in India.

The two indices where India has fared the worst are “Health and Survival”, which includes the sex ratio, and economic participation of women.

The widening of gap in the economic participation category is a stark reminder of the financial imbalance and stereotypes prevalent in our society.

The report noted that the estimated earned income of women in India is only one-fifth of that of men, which puts India among the bottom-10 in the global rankings.

The coronavirus pandemic has exacerbated the situation and

True financial inclusion is incomplete without ensuring the full coverage of women citizens across income groups.

There is an urgent need to address this inequality as grim statistics like these can blight the economic progress envisioned by the government.