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Context:
A report by McKinsey Global Institute states that India has a huge potential to create jobs and entrepreneurial opportunities for women in the growing market of Renewable Energy.
The Scope:
Reasons behind poor labour force participation of women in the Renewable Energy sector:
Steps to increase Participation:
Advantages of women participation:
McKinsey Global Institute’s Report, 2015:
McKinsey Global Institute published a report: India’s ascent: Five opportunities for growth and transformation. The report looks into the opportunities for Indian economy and the implications for domestic businesses, multinational companies, and the government.
Five-fold ways to create sustainable economic conditions:
1. From poverty to empowerment: Acceptable living standards for all:
Minimum acceptable living standards include spanning nutrition, water, sanitation, energy, housing, education, and healthcare. These gaps are to be filled in the first place to achieve the country’s economic potentials.
2. Sustainable urbanization: Building India’s growth engines:
To achieve sustainable growth, Indian cities will have to offer clean air and water, reliable utilities, and extensive green spaces.
3. Manufacturing for India, in India:
India has substantial opportunities to invest in value-creating businesses and to create jobs. Reforms and public infrastructure investments could make it easier for all types of manufacturing businesses, foreign and Indian alike, to achieve scale and efficiency.
4. Riding the digital wave: Harnessing technology for India’s growth:
According to an estimate, technologies could add $550 billion to $1 trillion a year of economic value in 2025. These technologies can raise productivity, improve efficiency across major sectors of the economy, and improve the provision of services such as education and healthcare. 5. Unlocking the potential of Indian women: If not now, when?
Movement toward closing the gender gap in education and in financial and digital inclusion can help to represent woman as one of the largest potential economic forces in the country.
By: ABHISHEK KUMAR GARG ProfileResourcesReport error
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