Summary
In its aim to achieve a USD 30 trillion economy by 2047, the nonprofit The/Nudge Institute's Labour Force Participation Distillation Report highlights the critical need to increase female labor force participation in India. Based on Periodic Labour Force Survey data, it emphasizes that India needs to nearly double its current female labor force participation rate to 70% by 2047, requiring an additional 400 million women in the workforce. The report proposes three key pathways: redefining work through platform jobs and digital microwork, enhancing entrepreneurship opportunities, and addressing mobility and digital access bottlenecks. India's female labor force participation rate (LFPR) currently stands at 37%.
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- Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
