Sunday, December 8, 2024

Rising Female Workforce Participation: A Six-Year Transformation

Over the past six years, India has witnessed a significant rise in female workforce participation, marking a transformative shift in the country’s labor market dynamics.

According to the latest data from the Periodic Labour Force Survey (PLFS) conducted by the Ministry of Statistics and Programme Implementation (MoSPI), there has been a notable increase in female employment indicators, reflecting enhanced engagement of women in economic activities.

Rising Female Labor Force Participation Rate (FLFPR)

One of the most striking trends is the sharp rise in the Female Labor Force Participation Rate (FLFPR).

Between 2017-18 and 2023-24, the FLFPR increased from 24.6% to 47.6%, indicating a significant contribution of women to both rural and urban production.

This rise is particularly pronounced in rural areas, where women have increasingly participated in economic activities.

The Worker Population Ratio (WPR) for women has doubled from 22% in 2017-18 to 40.3% in 2023-24.

Similarly, the Labor Force Participation Rate (LFPR) for women has increased from 23.3% to 41.7% during the same period.

These metrics highlight the growing number of women actively seeking and securing employment, contributing to the overall economic stability of the country.

The female unemployment rate has also seen a significant decline, dropping from 5.6% in 2017-18 to 3.2% in 2023-24.

This reduction in unemployment signifies improved job availability and economic opportunities for women across various sectors.

Educational Advancements and Female Workforce Participation

An upward trend in the participation of educated women in the workforce has been observed.

Around 39.6% of women with a postgraduate education or higher are working in 2023-24, compared to 34.5% in 2017-18.

Similarly, 23.9% of women with a higher secondary education are in the workforce, up from 11.4% in 2017-18.

Even women with primary education have seen an increase in workforce participation, with 50.2% working in 2023-24 compared to 24.9% in 2017-18.

The rise in female workforce participation has had a positive impact on both rural and urban economies.

In rural areas, women have contributed significantly to agricultural production and related activities.

In urban areas, women have entered various sectors such as technology, healthcare, education, and manufacturing, bringing fresh ideas, skills, and dedication that fuel economic growth.

Government Initiatives and Support

The government has played a crucial role in promoting female workforce participation through various initiatives and policies.

These include educational reforms, skill development programs, and support for women entrepreneurs.

The emphasis on creating an equitable and vibrant labor market has been a key driver of the transformation in female workforce participation.

The enhanced female workforce participation in economic activity over the last six years is a testament to India’s progress towards gender equality and economic inclusivity.

The collective efforts of the government, businesses, and society have contributed to creating a more equitable labor market where women play a leading role in shaping the nation’s future.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube, to get the latest news updates, Subscribe to our Channels. WhatsApp– Click HereGoogle News– Click HereYouTube â€“ Click Here, and LinkedIn– Click Here.

Editorial

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

EPS-95 Higher Pension Update: Less Than 1% Cases Settled So Far

Supreme Court Ruling and EPFO’s Higher Pension Rollout The Employees’...

Working Hours in India: Key Laws Every Employee Must Know

Following the tragic death of EY employee Anna Perayil...

IT Industry: 5 Key Indicators of Revival in India’s Tech Sector

Based on the recent second-quarter Q2FY25 results released by...

Must Read

Whitney Johnson: Disruptive Innovation in Human Resources

Super exclusive conversation with Whitney Johnson, Disruption and Innovation...

Getting your workplace ready for coronavirus: Official updates by WHO

The coronavirus is a family of viruses that can...

Paramjit Singh Nayyar joins Bharti AXA as new CHRO

Paramjit Singh Nayyar joins Bharti AXA General Insurance as...

EPFO Facilities on Digilocker: How to avail these? Details here

The Employees' Provident Fund Organisation (EPFO) has announced that...

Bharat Petroleum appoints Arun Kumar Singh as Chairman and MD

Bharat Petroleum Corporation Limited (BPCL) has announced the appointment...

GlobalLogic appoints Rajesh Rai as VP- People Team and Head- HR India

GlobalLogic Inc., a leader in Digital Product Engineering, announced...

Tata Sons appoints Ilker Ayci as the CEO & MD of Air India

Tata Sons today announced the appointment of Ilker Ayci...

McKinsey & Company is hiring for various roles; Interns, WFO jobs

A global management consulting firm, McKinsey & Company is hiring for...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor- Content at SightsIn Plus. She has rich experience in content writing, having previously worked with GKMIT, Zimyo, Crystaltech eSolutions, Integrated Resources, Inc, and Dynamics Square.