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Indian women to be significant economic actors by 2020

Thursday, July 01, 2010 12:42:00 PM, Siliconindia News Bureau

Dubai: Women are entering the mainstream for the first time after contributing at a subsistence level, they are prepared to take the challenges in domains ranging from manufacturing to medicine to education to information technology. It is estimated that by Booze & Company that, if India and China each represent one billion participants in the global marketplace, then the 'third' billion comprises of women in developing and industrialized nations, whose economies were suppressed some years back.

"We estimate about 870 million of them will do so by 2020, with the number conceivably surpassing one billion during the next decade. Their presence as economic actors will be widely felt as they move into knowledge work. Their sheer numbers will hasten the integration of the regions where they live into the larger economy," said Karim Sabbagh, a partner at Booze & Company and the firm's Communications, Media and Technology Global Practice leader.

The potential of women as a player of an organized sector in a country has not been explored. The main reason behind this under estimation is in the perception that, women lack in sufficient education and lacking support from families and communities. With the Third Billion's movement into the middle class accelerating, most of the constraints will be alleviated.

"One billion or more women are clearly about to participate more fully in the mainstream economy, representing a significant force in such regions as Latin America, Asia, the Pacific Rim, the Middle East, eastern and central Europe, and Africa," said Sabbagh.











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