"If you want something said, ask a man; if you want something done, ask a woman.", Margaret Thatcher
When more women work, economies grow. An increase in female labour force participation—or a reduction in the gap between women’s and men’s labour force participation—results in faster economic growth. Increasing women and girls’ education contributes to higher economic growth. Increased educational attainment accounts for about 50 per cent of the economic growth in OECD countries over the past 50 years, of which over half is due to girls having had access to higher levels of education and achieving greater equality in the number of years spent in education between men and women.
Globally, women are paid less than men. Women in most countries earn on average only 60 to 75 per cent of men’s wages. It is calculated that women could increase their income globally by up to 76 per cent if the employment participation gap and the wage gap between women and men were closed. This is calculated to have a global value of USD 17 trillion.
Gender inequalities are still large and persistent in all countries. When paid and unpaid work are combined, women in developing countries work more than men, with less time for education, leisure, political participation and self-care.
Women’s economic equality is good for business. Companies greatly benefit from increasing leadership opportunities for women, which is shown to increase organizational effectiveness. It is estimated that companies with three or more women in senior management functions score higher in all dimensions of organizational effectiveness.Advancing gender equality can deliver sizeable additional economic growth and broad-based prosperity to the world—nowhere more so than in India. Women are currently particularly under-represented in India’s economy compared with their potential.
At 17 percent, India has a lower share of women’s contribution to GDP than the global average of 37 percent, and the lowest among all regions in the world. In comparison, China’s women contribute 41 percent, those in Sub-Saharan Africa 39 percent, and women in Latin America 33 percent. Women in India only represent 24 percent of the labour force that is engaged in any form of work in the market economy, compared with an average of 40 percent globally.
India’s economy would have the highest relative boost among all regions of the world if its women participated in paid work in the market economy on a similar basis to men, erasing the current gaps in labour-force participation rates, hours worked, and representation within each sector (which affects their productivity).
To bring more women into the non-farm labour force over the next decade, India’s policy makers, business leaders, and social-sector leaders need to focus concerted action in eight areas:
- Closing gender gaps in secondary and tertiary education in India’s large states
- Lowering barriers to job creation
- Expanding skills training for women in key sectors
- Expanding the reach of financial and digital services to enable women entrepreneurs
- Stepping up gender diversity policies and practices in private-sector organisations
- Further strengthening legal provisions for women and the enforcement of laws
- Improving infrastructure and services to address the high burden of routine domestic work, childcare and elder care; and
- Reshaping deep-rooted attitudes about the role of women in work and in society.
We believe that women are one of the greatest contributors to the economic development of the nation and it is extremely important to encourage women participation and every industry. Today, when the world is talking about women leadership and women being at the forefront, we would like to bring women officers, leaders, entrepreneurs, etc., under one roof to ensure strong engagement and insightful discussions.
A dedicated hashtag (#womenatpetrotech) has been created which would be used across social media platforms, news and media, highlighting activities specifically for female attendees, papers presented by women during the conference, women speakers, etc. The Pre-event Conference for Women Professionals at Petrotech-2016 Conference & Exhibition is scheduled to be held on December 04, 2016 (1000 to 1230 hrs) at Hall No. 06, 2nd Floor, Vigyan Bhawan, New Delhi.
Nominations are invited from lady professionals, senior HR functionaries working in energy-based organisations and allied manufacturing sectors partnering the Indian Oil & Gas Sector. There is no delegate fee for participation in this event.
Fill in your details in the following format and mail it to email@example.com to register and be a part of this constructive and insightful deliberation by a high-level panel national and international speakers.
||Name of the Delegate
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Speakers at the event
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Take a look at some facts** :
- Women are currently under-represented in India’s economy compared with their potential.
- MGI estimates that at 17 percent, India has a lower share of women's contribution to GDP than the global average of 37 percent, and the lowest among all regions in the world.
- Advancing gender equality can deliver sizeable additional economic growth and broad-based prosperity to the world nowhere more so than in India.
- The lack of specific company measures to recruit, retain, promote and develop women is the most important barrier to increasing gender diversity within the top management of their organisations.
- To change the value proposition for female workers, India's CEOs and Organisations could commit to targets and ensure their companies embrace policies that promote diversity.
**The above extracts are from a report published by Mckinsey Global Institute (MGI) in November 2015 titled 'The Power of Parity: Advancing Women's Equality in India'.
Look forward to some memorable takeaway (only for women delegates) and join us for an invigorating & exhilarating Zumba® session by a licensed Zumba Fitness Instructor to Celebrate Energy! This will be followed by networking lunch.