There is no doubt in the fact that the contemporary world requires the aptitude, ingenuity, and endeavors of the entire population for the achievement of sustainable economic growth. When it comes to women, they constitute approximately 40% of the global personnel. Not only this, almost 80% of consumer spending is influenced by women. However, it Read More

There is no doubt in the fact that the contemporary world requires the aptitude, ingenuity, and endeavors of the entire population for the achievement of sustainable economic growth. When it comes to women, they constitute approximately 40% of the global personnel. Not only this, almost 80% of consumer spending is influenced by women. However, it is also a bitter truth that unequal participation of women in the overall social and corporate structure leads to reduced development. It needs to be realized and remembered that empowering women economically would not only result in an increased GDP, income per capita, and elevated development; it would also improve the general lifestyle quality of people.

  • Improved Domestic Conditions: When women are provided with better job opportunities, they tend to do economically well. Therefore, efforts to put more money in female hands must be increased due to the fact that a major proportion of women’s earnings are spent on their families. When women receive better incomes, they tend to spend more to improve their family’s health, nutrition, education, and social standing.
  • Reduction of Female Poverty: The global poor population is mostly comprised of women. When economic circumstances of females are improved, such measures directly impact their conditions ultimately helping females to come out of the poverty cycle and improve the quality of their lives.
  • Strengthening of Women’s Rights: When women are empowered economically, it means that they could understand their rights better and work towards the achievement of gender equality in a better manner. This is because gender equality is also dependent on social progression and development of women.

In short, economic empowerment of women is essential for the growth and development of the entire society as a whole. It must be realized by both the governments as well as the private sectors that the challenges faced by women must be efficiently addressed. It is indeed the right of every woman on the face of this Earth to participate in the growth of the society and benefit from it individually and as a member of the society.