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Davos 2019: Women empowerment needed for overall growth of economy, says Industree Foundation's Neelam Chhiber
January 21, 2019
Davos 2019: Women empowerment needed for overall growth of economy, says Industree Foundation's Neelam Chhiber

Governments should focus on women empowerment as it is needed for the overall growth of any economy, said Neelam Chhiber, co-founder and managing trustee, Industree Foundation.

It is also necessary to put more income into the hands of women, Chhiber told CNBC-TV18 on the sidelines of the World Economic Forum in Davos.

According to a report published by Oxfam, in India, women are less likely to have paid work when compared to men, while even among the richest there are only nine women in the country's 119-member billionaires club.

In India, the unpaid work done by women looking after their homes and children is worth 3.1 percent of the country's GDP. Women spend 312 minutes per day in urban areas and 291 minutes per day in rural areas on such unpaid care work, the report said.

On income and jobs, Chhiber said around 70 percent of India's population lives in villages and jobs should create in Rural India to achieve economic growth.