Well, you all should know that a new law to improve maternity benefits for women in India’s workforce and encourage them in their official careers isn’t helping them, or you can say that it is working against them or affecting them oppositely, according to a survey.
Sources are saying that the law makes India the most progressive country after Canada and Norway in enabling women to stay on in the workforce, but in India, it is affecting them badly. You all can say that it will lead them towards the job losses and discourage smaller businesses and start-ups from hiring women, the survey by TeamLease Services Ltd. said on Tuesday. Now, this is the problem with all the smaller and bigger business or start-ups in India.
Also, the reports suggested that 1.1 million to 1.8 million women will lose their jobs across 10 sectors in the financial year to March 2019 because of the law. Now, the thing is nobody wants to take that burden of hiring women for their business. If this estimate is computed across all the sectors, the job loss number would be an estimated 10-12 million across all sectors, according to the survey.
This isn’t good news because the government is trying to work hard but the private sector women are going to be affected badly with this law. Also, in a country where the share of women in the workforce has shrunk to around 24 per cent in the fiscal year ended 2016 from 36 percent a decade earlier. McKinsey and Co. estimates more than $700 billion could be added to the country’s gross domestic product by 2025 if more women were in jobs.
Better-educated women from wealthier families aren’t encouraged to work and it’s usually when a man’s salary falls short that a woman seeks a job. Many drop out to take care of older family members or children. In the eight years since 2004, about 20 million women — the size of the combined populations of New York, London and Paris — vanished from India’s workforce, the World Bank estimates.
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