2 March 2024

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WEF Report:- Share of women in senior positions in India has seen a drop

In India, salary equality between men and women has improved since the previous year. According to a World Economic Forum analysis, the proportion of women in senior positions has decreased during the same time period.

According to the survey, only 1.8% of Indian enterprises have a female majority of owners, and only 8.9% of top management positions are held by women. It is noteworthy that the top 1,000 listed businesses in India must have at least one female board member as of 2018. This is a requirement set by the Indian market regulator, SEBI.

According to the research, there are currently 17.1% more women in senior positions on company boards in India than men, but this figure includes both listed and unregistered businesses.

India’s ranking improves but not for women in senior positions

India, which just overtook China as the world’s most populous nation, is ranked 127th out of 149 nations in the Global Gender Gap Report 2023 Rankings. It falls below countries in Asia like Kuwait, Myanmar, and Japan as well as those in Africa like Gambia.

women in senior positions

However, data indicates that the nation has been able to close 64.3% of the overall gender gap, and as a result, it has improved from the 135th rank it held in 2022. According to WEF, India has climbed eight spots and 1.4 percentage points since the prior edition, signalling a partial comeback towards its 2020 parity goal.

Despite the improvement, it still remains low, especially among the eight countries that make up Southern Asia. Bangladesh, Bhutan, Sri Lanka, and Nepal are ranked above India. India is only outranked by Pakistan, Afghanistan, and Iran.

The ranking measures gender equality based on four criteria: political empowerment, health and survival, educational attainment, and economic involvement and opportunity.

Also Read: Taliban treatment of women could be ‘gender apartheid’: UN expert

The wide gap between education & employment

India is capable of educating its girls, which is interesting because it ranks poorly when it comes to hiring and compensating them. It ranks 26th in the world for educational attainment, more than a hundred places higher than its overall gender parity.

All educational levels (primary, secondary, and postsecondary) are now equally enrolled in the nation. On economic opportunity and participation, however, it has only achieved 36.7% parity, according to the report.

India is ranked 116th in terms of wage equality for comparable work. After nearly a decade of gradual improvement, the sex ratio at birth improved by 1.9% to 92.7% according to the health and survival index.

India, which has a female president named Droupadi Murmu, has achieved political empowerment parity at a rate of 25.3%. The percentage of women in parliament is 15.1%, the highest it has been since 2006.

Nine women have assumed positions of authority around the world since January 2022, and as of March 2023, eight of them were still in their positions. According to the research, “These heads of state positions have varying powers in terms of setting the national agenda and representing the state, depending on the political system of the country.”

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