India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy which would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047, according to a new report. Non-profit The/Nudge Institute has unveiled a new report, Labour Force Participation Distillation Report, outlining a crucial element for India's economic future. The report is based upon Periodic Labour Force Survey (PLFS) over the years. As the country aims to become a USD 30 trillion economy by 2047, the report highlights the need for a substantial increase in female labour force participation to achieve this goal. According to the report, India requires an additional 400 million women in the workforce to contribute USD 14 trillion to the economy. This would necessitate nearly doubling the current female labour force participation rate (LFPR) from 37 per cent to 70 per cent by fiscal year 2047. Wi
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.