''India's income will go up by 27% with women participation'': Christine
PTI India's national income would increase by 27% if the participation of women in the workforce matches the level of men, IMF Managing Director Christine Lagarde has said. Delivering a speech on "Women's Empowerment: An Economic Game Changer" in Los Angeles, 60-year-old Lagarde said equal pay and better economic opportunities for women boost economic growth and create a bigger pie for everyone to share."Empowering women can be an economic game changer for any country. For instance, if women were to participate in the labour force to the same extent as men, national income could increase by five per cent in the US, nine per cent in Japan, and 27% in India," she said on Monday.Better opportunities for women also promote diversity and ...
India to register a growth rate of 7.2% in 2015: IMF
The Dollar Business Bureau A day after a McKinsey report quoted that India will register 6.5% growth in 2016, the International Monetary Fund (IMF) forecasts a growth of 7.2% for 2014-15 and 7.5% for 2015-16, based on the recently revised GDP methodology. The Indian economy is reviving, helped by positive policy actions that have improved confidence and by lower global oil prices, says the IMF in its annual assessment of the Indian economy To continue on this trend, India needs to revitalize the investment cycle and accelerate structural reforms, says the report and adds, the Indian economy is the bright spot in the global landscape, becoming one of the fastest-growing big emerging market economies in the world. “Growth numbers ...
