C&L October 2017_LR (5)

Insight
I
out of 144 countries
108
0.00 = imparity
0.669
1.00 = parity
IND
A
0.40 distribution of countries by score 1.00
SCO E AT
LANCE
E INDICATO S
Politics
Economy
Education
ll
e a a a l
al ula
ula
a e
ula a e ale ale
u a a al e e
a
ave a e
e
Health
e
Global Gender Gap score
a a a u
u a al a a e
eal a v val
l al e e e
a u
a e a e
COUNT SCO E CA D
smallest after Western Europe. Both
Canada (16) and the United States (49)
have closed more than 70% of their
overall gender a ugap.
e a a
What is surprising a ee ual is the la steep fall ve
in gender pairity a ehas ea come e in ea span
of one year. The overall gender gap
has fell back to where it stood in 2008,
e al a e al e
after a peak in 2013. The report indicates
that the gap in 2017 is larger
Educational attainment
than
Economic participation and opportunity
e a al a a a e
it stood in 2006,
e a
in
a epart due to specific
l e a e u a
issues in selected large countries, in
particular China l e and India. a e u a
Deconstructing l e the eeconomic a e u a gender
gap into two of its core aspects, wage
Health and sur i al
parity and labour market participation,
the report has found that low-
e a a
eal l ee e a
income countries namely India, Sri
Lanka, among
Political
others
empohave, erment
on average,
e a l a e
closed only 67% of their labour market
participation gender e gaps. e al
Notable recent ea estimates e ale easuggest
a e la
that economic gender parity could add
Source: Glassdoor
France’s and aUSD310 e a billion to the
a e av e ale ale 0.00 1.00 2.00
Gender parity
could add a 60%
jump by 2020
if the gender
inequality issue
in the workforce
is resolved
an additional USD 250 billion to the
gross domestic produc (GDP) of the
United Kingdom, USD 1,750 billion
to that of the United States, USD 550
billion to Japan’s, USD320 billion to
GDP of Germany. Closer home, the
report indicates that China could see
a USD2.5 trillion GDP increase from
gender parity and that the world as a
whole could increase global GDP by
USD5.3 trillion by 2025 if it closed the
gender gap in economic participation
by 25% over the same period.
In India, the GDP could see a jump
of about 60% by 2025 if the gender
inequality issue in society is resolved
and more women are allowed to join
the workforce, according to a McKinsey
report last year.. The report also highlighted
that in a ideal scenario in which
women play an identical role in labour
markets as men, India is likely to witness
the highest potential boost at 60%.
Unfortunately, this scenario remain
ideal unless steps are taken to close
this growing gender gap in India. Are
0.00 1.00 2.00
the enterprises listening?
176 The Global Gender Gap Report 2017
October 2017 | CIO&LEADER
39