Which of the following statements best describes the impacts of Female...
- Context:More Indian women are actively participating in financial decision-making, with 98% of urban women involved in long-term family decisions, including household financial investments, according to the recentAMFi-CRISIL report.
- Female LFPR up to 41.5% (Oct 2023) from 24.6% (2017-18),with rural women showing a faster growth rate
- 47% of women make independent financial decisions. Autonomy varies with income, age, and affluence stage
- Increased FLFPR often leads to higher economic growth and productivity due to a larger workforce contributing to the economy. When more women participate in the labor force, there’s a broader pool of talent and skills available, which can drive innovation and efficiency, ultimately boosting economic growth.
View all questions of this test
Which of the following statements best describes the impacts of Female...
Impact of Female Labour Force Participation Rate (FLFPR)
Increased Economic Growth and Productivity:
- Increased FLFPR often leads to higher economic growth and productivity as it expands the workforce and brings in diverse skills and perspectives.
- More women in the labor force mean more individuals contributing to the economy, leading to overall growth.
Reduced Gender Inequality:
- Higher FLFPR can contribute to reducing gender inequality by providing women with economic independence and opportunities for career advancement.
- It challenges traditional gender roles and stereotypes, promoting a more egalitarian society.
Lower Fertility Rates:
- Contrary to the statement, higher FLFPR does not necessarily lead to lower fertility rates. Women can balance careers and families, leading to more informed choices about family planning.
Impact on Poverty and Income Inequality:
- Countries with low FLFPR tend to have higher rates of poverty and income inequality due to underutilization of female talent and potential.
- Increasing FLFPR can help alleviate poverty by providing more individuals with opportunities for economic empowerment.
In conclusion, the impacts of FLFPR are multifaceted, with the potential to drive economic growth, reduce gender inequality, and alleviate poverty. It is essential to create an enabling environment that supports women's participation in the labor force to harness these benefits fully.