BRIDGING GENDER GAP
The startup story's just starting
For India to ascend to the summit of the world's leading startup ecosystems by 2030, it demands dynamic policies from the incoming government, nurturing a vibrant culture of innovation, and concerted collaboration among all stakeholders. With the requisite elements already in place, including the impressive growth and resilience shown by current startups, valuable lessons abound for budding entrepreneurs. By adopting a progressive outlook centered on enduring, sustainable, and conscientious advancement, our startup ecosystem has the potential to evolve into a remarkably innovative, inclusive, and globally sustainable entity.
Why deeptech companies need to do a deep-dive on gender diversity
Indian companies, particularly in the IT sector, have made some progress in gender diversity but still face significant challenges, especially in the deeptech sector. A report by Pure Storage and Zinnov highlights these issues, revealing that while global capability centres (GCCs) employ 1.66 million people with 28% being women, this diversity decreases sharply at higher corporate levels, dropping to just 6.7% at the executive level.
XX chromosome factor: Women voters could rewrite India's polity
It will be a transformative moment in the social fabric of India, inspired by growing empowerment of women. Over the last decade, a range of government initiatives, both at national and state levels, have empowered women like never before. As a result, political parties can no longer take this cohort, accounting for half of the 970 mn electorate, for granted.
A high number of students not optimistic about landing their preferred jobs, says survey
The Unstop Talent Report 2024 reveals challenges faced by students in finding desired placements, with 50% uncertain about job prospects in their field. Only 7% of surveyed campuses achieved full placement success. HR leaders advocate curriculum changes to enhance employability, prioritizing skills over experience.
60% students choose job security over pay hikes: Unstop 2024 Talent Report
The Unstop 2024 Talent Report surveyed over 11,000 students, university partners, and HR professionals, revealing key insights about the job market in India. Among the findings, 60% of students prioritize job security over pay raises, with 53% expressing fear of not finding a job in their preferred field.
Women as business leaders: India Inc moved little in five years, finds study
The male-to-female ratio in leadership roles at Indian companies remains unchanged, indicating a lack of gender equality. Sectors like technology, information & media, real estate, transportation and logistics have seen a downward trend in women in leadership roles, while industries like construction, oil, gas & mining, and utilities have seen more women in such positions.
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Gender diversity, inclusion not just ideal, but a strategic necessity for businesses: Industry
The Indian IT industry has made progress in gender diversity, but there is still underrepresentation of women in top positions and boardrooms. Companies should offer flexible work options, mentorship programs, and robust support structures to support women's progress. Encouraging women's participation in STEM fields and bridging the gender gap requires institutional-level initiatives.
Cars24 pledges to increase female representation in its workforce by 50% in 2024
The programme is aimed at fostering gender equality within the organisation and beyond, the company said. To bridge the gender gap and cultivate a more diverse and inclusive environment, the company is implementing targeted strategies designed to empower all employees to realise their full potential, it said.
Negligible number of women CXOs at India's top auto cos, says Deloitte study
Executives at companies like Mercedes-Benz, Tata Motors, MG Motor India and Hero MotoCorp told ET they are stepping up focus on women participation in leadership positions. At Tata Motors, the country’s third largest PV maker and largest CV manufacturer by sales volume, there were 4.9% women in top management positions as of December 31. Across all management levels, from junior to top management, only 7.43% were women.
Only 1.6% of companies listed on Fortune India 500 have women at the helm: Study
A study by Fortune India and SP Jain Institute of Management and Research has revealed that only 1.6% of companies listed on the Fortune India 500 have women at the helm, while the figures stand at 5% for the Fortune India Next 500. The study, supported by the Women and Child Development Ministry and Bill and Melinda Gates Foundation, engaged 130 industry leaders, with a representation of 54% female and 46% male CEOs, in 16 roundtable discussions across Delhi-NCR, Mumbai, Kolkata, and Bengaluru.
Women contribute only 18% to GDP despite 48% share in population: Study
Indian women contribute only 18% to GDP despite constituting 48% of the population. Advancing women's equality could lead to a $28 trillion increase in global GDP, with India potentially seeing a $770 billion boost by 2025.
Smartphone ownership among 44+ drops in urban India, rises in villages
As per the findings of the Kantar-TGI (Target Group Index) study, available exclusively with ET, the gender gap in smartphone ownership has also narrowed over the past five years, even though males consistently exhibited higher ownership percentages. The sharp increase in smartphone adoption levels is pronounced among female users, suggesting a closing gap in technology access.
Tech companies are bridging gender gap in a more sustainable fashion
Closing the gender gap in India's tech sector requires collaboration across sectors. Efforts from employers, educational institutions, and the government are crucial. Promoting gender diversity, providing support systems, and addressing issues like the gender pay gap and lack of opportunities are key steps towards achieving equality.
US, ASEAN support bridging development gap
The United States and the Association of Southeast Asia nations (ASEAN) have expressed their support for narrowing the development gap in the region and assisting with its economic recovery. The two parties also pledged to promote stability, peace, and sustainable development in the Mekong subregion through shared initiatives. Additionally, they committed to advancing efforts to achieve the Sustainable Development Goals by 2030 and to collaborate on clean energy transition and climate change.
TCS, Infosys, Wipro, others are steering the drive to bridge IT's gender gap
The share of women employees across the top five IT companies stood at 34.1% at the end of the first quarter of 2023-24, up from 31.7% as of the first quarter of 2017-18, Xpheno data showed.
Significant progress in SDGs, but challenges remain: MoSPI
The report highlights significant gains made in maternal and child health, education, poverty and climate change since 2015-16. The National Indicator Framework tracked 284 indicators across 17 SDG goals.
Unicorn CFOs in India younger than their American counterparts : Survey
After the Covid pandemic, India has experienced a significant surge in the number of unicorns, many of which have plans to launch their initial public offerings (IPOs) in the next few years. These Indian unicorns are estimated at over $350 billion in valuation. However, the last few months have witnessed a funding winter.
India needs to take manufacturing to rural areas to bridge income gap, say experts
Former secretary of Rural Development Ministry Nagendra Nath Sinha laid emphasis for formulating policies for rural areas that are fast transforming to urban areas.
Gender-budgeting, unleash the 'crazy'
Empowering women - whether in the boardroom, workplace or household - is not just about bridging the gender gap. It is also a strategic means to empower India's economy as a whole. For this reason alone, gender-budgeting - revealing the different impacts of spending and revenue decisions on women and men - is imperative. This was the singular idea pitched by Times Group vice chairperson and managing editor Samir Jain in his welcome address at last week's ET Awards of Corporate Excellence.
Women’s Day 2023: Embracing equity and the digital gender gap
The UN Women’s Gender Snapshot 2022 report revealed that the exclusion of women from the digital world has caused the staggering loss of $1 trillion from the GDP of low-and middle-income countries in the last decade.
Women race ahead at the Oscars, Hollywood still struggles to bridge the gender gap
Hollywood is still lagging behind when it comes to achieving gender parity.
Mind the gender gap: Here's how govt initiatives are focusing on empowering women in India
Bank account ownership took a leap over the last decade. But some of the gains stagnated during the pandemic. 2021 Global Findex data show that 78% of women reported having bank accounts. However, 64% did not withdraw any funds during the last 12 months, and 28% reported having an inactive account. Budget 2023 announced the launch of Mahila Samman Bachat Patra Yojana, a savings scheme for women.
Nigeria's female-led startups winning investors in fight to close cash gap
Africa's female-founded companies got just 3% of the $1.7 billion invested in the continent's startups in the past decade, according to emerging market intelligence firm Briter Bridges. But last year, equity rounds from female-founded African startups raised $834 million, a 284% increase and 20% of the total.
Women, unemployed, rural poor lagging due to digital divide: Oxfam India Report
The report looks at CMIE's data on internet access, mobile ownership, computer, and broadband availability to assess the inclusivity of digital initiatives to deliver public services and entitlements. The report also uses secondary analysis from the National Sample Survey (NSS).
E-commerce, food-delivery companies fail to bridge the gender gap
Female delivery partners across all companies in the industry account for less than 1% of the overall number of people deployed in such roles.
India Inc bringing more women to factory floor to bridge gender gap
A lot of the impetus came from the pandemic as many highly strenuous roles - which were so far a male bastion - have been automated, making way for women who can manage them. However, companies are looking to induct women even in job profiles that challenge gender stereotypes.
Top tech schools make progress in bridging gender gap
At least two in 10 students in first-year undergraduate batches at top engineering colleges including Indian Institutes of Technology (IITs) of Delhi, Hyderabad, Madras, Kanpur, Kharagpur and Roorkee, and National Institute of Technology (NIT) Jalandhar are women, a sharp improvement from 8% across all IITs in 2017.
Companies bridging the gender pay gap, brick by brick
Women senior executives (including top management) earn a lower average compensation of ₹1.91 crore compared to ₹2.24 crore paid to their male counterparts, show the findings of the study on 'The Glass Ceiling- Leadership Gender Balance" based on responses from 109 out of 200 NSE companies with a sample size of over 4000 senior executives for 2021.
Navigating old boys' club culture at workplace with a new narrative
Women face a myriad of societal, systemic, and structural challenges in their career journeys - gender gap, unconscious biases, stereotypes, and pay disparity. The pandemic exacerbated some of the obstacles by blurring the work-life boundaries and offered a silver lining in flexibility and hybrid work models. Especially at senior levels, women find themselves in a lonely place fighting a lonely battle even now, say experts.
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