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Axis Bank Says India Must Raise Women’s Paid-Work Participation to Sustain 7% Growth

The report calls for scrapping outdated job limits, investing in childcare, expanding safe urban mobility to draw 125 million educated women into paid work.

Overview

  • Axis Bank’s 'The Missing Half' projects overall worker participation must rise from about 47% to nearly 60% to keep real GDP growth near 7% over the next 25 years.
  • India has one of the lowest female participation rates in the G20, with roughly 60% of women in paid work in informal roles lacking contracts or social security.
  • The study estimates around 125 million educated women are outside the workforce, with a large share of graduates opting out of paid employment.
  • Barriers identified include safety concerns, limited urban mobility, childcare shortages, inflexible job design, and difficult re-entry after marriage or maternity breaks.
  • Recommended steps include removing sector and shift restrictions on women, formalising flexible and part-time roles, expanding childcare, and improving safer commuting options.