A McKinsey Global Institute report , ‘The power of parity: How advancing women’s equality can add $12 trillion to global growth’. finds that $12 trillion could be added to global GDP by 2025 by advancing women’s equality. The public, private, and social sectors will need to act to close gender gaps in work and society. Gender inequality is not only a pressing moral and social issue but also a critical economic challenge. If women—who account for half the world’s working-age population—do not achieve their full economic potential, the global economy will suffer. While all types of inequality have economic consequences, in McKinsey Global Institute (MGI) report, The power of parity: How advancing women’s equality can add $12 trillion to global growth, focuses on the economic implications of lack of parity between men and women.
We plan to develop mini industry in every home and enable women entrepreneurs to showcase their products and services to the world. The world also get to see the the true culture and new products. Many of these products are aligned to cultural roots.
Globally women are less likely to be employed than men, but the gap is more pronounced in lower middle income companies.
Women lag behind men in business ownership. In every region on an average less than half of firms are even partially owned by women.
Changes in inequality can be measure by the relative income growth of the poorest 40% of the people.
In jobs because women tend to take most or all of their leave entitlement, long periods of leave cause their skills to deteriorate or become less relevant, slowing their earnings and career progression. They might also lose touch with their professional network, which can reduce their opportunities for career advancement. Many of these women are working from home due to lack of good help and social culture, they are open to setting up their own enterprise from the comfort of their homes. If we can provide opportunity to develop their skills and create mini industries this may be a great boost to their moral and confidence. At the same time provides them economic freedom. Not to mention the impact on economic development of he country.
The project plans to target 30,000 plus women home entrepreneurs by 2030 from India., who shall be economically independent by being an entrepreneur and selling their their products and services through U2UShoppe.