Roles of Women Leaders in India’s Economic Cobweb

Policies in India are being framed for the better inclusion of women leaders in the country’s economy. The economy cobweb model is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.

Economy cobweb describes cyclical supply and demand in a market where the amount produced must be chosen before prices are observed. Producers’ expectations about prices are assumed to be based on observations of previous prices. This article focuses on the increment in women’s labour participation rate.

But how much does the women’s labour participation rate matter?

Roles of Women Leaders

There’s no need to give women any special favour and help. The struggle is only to come at the equal stratum with that of men. Meanwhile, several women leaders in India have proven their worth. Keeping in view the most critical components of the Indian economy, we have tried to analyze the different sectors of the economy and the respective performance of women leaders.

Primary sector

This sector of the economy is overloaded with women’s diligence. The Primary sector needs low-quality or superior skills, so women are considered eligible participants. Unskilled women are produced in society because there’s no support for education in rural areas.

Lack of education implies different things in the economy. So policymakers aim to target the decline of women’s labour force participation rate to make them skilled. Upskilling of women would undoubtedly lead to the upliftment of women’s status.

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The flow of change has already started in the primary sector. But the employment this sector offers has no opportunity of getting incentivized. Problems in the sector due to some natural events shook the stability of the rural household.

You must have heard about the destruction of crops due to heavy rainfall, locust attack, and drought. These conditions feel like sticking out the spine from your body. And if women were more involved, they would also be affected the most.

Secondary sector

Migration from rural areas to urban centres results in job creation in this sector. This sector’s construction and industrial segments need unskilled labour, which is only endorsed by the heavy migration from rural to urban areas.

Improper and unhygienic workplace conditions make conditions for women even more dangerous. Hazardous conditions of women leaders lead to the growth of many deadly diseases. These diseases cause a heavy load on your pocket, ultimately pulling many of these people below the poverty line.

The country is standing on a double-edged sword; on the one hand, policymakers are trying to incorporate the elements of getting women to work. On the other, there’s a negligence of essential amenities to sustain a good standard of life.

Accidents in industries are also prevalent, for workers are not guaranteed insurance. Older women and women with any disease are left with no option but to beg and live in deplorable conditions.

Tertiary Sector

This sector needs a different kind of expertise. Though there’s an improvement in women’s labour participation rate here, the game of perceptions about women plays a significant role in spreading the negativity about women.

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The Tertial sector includes professions like

It needs high-quality human resources, offered when they get a quality education and healthcare. We know the country is still struggling to get universal health and education.
How can the country achieve such a big target without fulfilling its basic needs?

The government has initiated many programs to improve the components of macroeconomics, but the real problem still lies in the womb of carelessness. Focusing on the different problem niches and strategizing the approach would be fruitful for society.

Solution

  • Civil societies and NGOs need to come forward to help women in the sector.
  • Governments are making policies on paper, but there’s no serious discussion taking place.
  • Farmers should be given insurance coverage after crop loss due to natural phenomena.
  • Should achieve the target of universal healthcare and education gradually in quantum.
  • Proper framing of policies should be done with the collaboration of the local people and people who would have to bear the burden.

Conclusion

Research has shown that businesses with women leaders experience more growth than those without them. A study found that the rate of new women in businesses outpaced men-owned companies by 1.5 times.

Similarly, another research study found that companies ranking in the top 25% for gender diversity were 15% more likely to bring higher than average financial returns than companies in the second, third, and fourth quartiles. The role of women leaders is more likely to create positive work cultures and drive business growth.

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Lawrence
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