Women Labor Force Participation and Their Financial Resilience in India
摘要
This report analyzes labor force participation by Indians, particularly with a focus on how it improves monetary security among women. In this respect, while India experienced its greatest economic growth over the past ten years, participation rates among women have dropped severely. The paper is structured to explore the trends for female labor market entry, which factors explain the decision of those in labor force participation to cease entry, and the extent to which participation in the labor forces serves to enhance financial resilience among female respondents. Using the mixed-methods approach, the paper uses data from national-level surveys such as the NSSO and PLFS along with in-depth interviews with women from diverse socio-economic backgrounds. This indicates that social norms, the lack of proper childcare services, and wage inequalities are primary barriers to paid work. It also analyses the potential for financial programs, such as PMJDY, in building financial resilience. The findings highlight the need for economically empowering women and increasing participation in the workforce to ensure better financial well-being and resilience. The study culminates in policy recommendations, which are aimed at the structural barriers and gender inequalities through improved education, skill development, and access to financial services. These strategies are important not only for women's empowerment but also for sustainable development in India. With these challenges addressed, an inclusive labor market and equitable economic growth become possible. Eventually, this is what will increase societal resilience and equity.