In order to bridge the gap of gender difference, women's economic direction is extraordinarily necessary, Kiran Mazumdar-Shaw, Vice-Chair of the US-India Business Council and Biocon government Chair, aforesaid on Thursday.
Speaking at the 'Expanding the US-India Partnership: Fostering Gender Diversity at Work' virtual event, she aforesaid gender difference begins with the skew distribution faced by women once it involves the distribution of assets or inheritance or opportunities within the work or illustration in socio-political establishments.
"Economic direction is what's going to bridge the gap of gender difference. I believe the economic direction of the ladies is extraordinarily necessary," Mazumdar-Shaw aforesaid. Conjointly within the business world, she said, there's an excellent deal of tokenism in everything we have a tendency to do.
Of India's top 100 BSE firms, ninety-one solely have one female owner, which means it's simply just ticking a box. Moreover, it's constantly the same community of women they're going after and choosing for the board. It's very important to expand the canvas, she added.
"I am constantly approached by plenty of women-led startups having one recurring criticism that they do not get access to capital. The access to capital is the real challenge." Women ought to network for this, and be confident so as to market their ideas to investors, she stressed.
The sectors during which women dominate were those that were hit the toughest throughout this pandemic and earliest by job losses-hospitality, education, retail, and health care, she added.
"The answer to the current situation is to ignite women's economic power, the biggest excluded cluster within the world absolutely into the fold," Biswal aforesaid.
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