Asia needs to improve employment options for women: ADB

Posted By: Religare
Subscribe to GoodReturns

Asia needs to improve employment options for women: ADB
The Asian Development Bank (ADB) along with the International Labour Organisation (ILO) stated in a report today that the rising gender inequality which prevails in most of the Asian countries including India should be addressed.

Both the organisations further added that a change should be brought in the labour market by enhancing the quality of the employment opportunities available in the market for women.

Meanwhile, it has been pointed out in the report with the title, “Women and Labour Markets in Asia: Rebalancing for Gender Equality", that the average women"s employment growth in Asia during 2000-2007 was pretty low at around 1.7%, whereas the World"s average stood around 2%.

However, on the other side the economic growth witnessed by Asia (6.2%) during 2000-2007 was clearly higher than the global average economic growth which stood around 4.2%. Looking at other facts, there is only 19% of the Asian men"s potential not been used by the Asian job market whereas on the other side 45% of the Asian women"s talent remains unnoticed.

If you talk about the gender gaps, the significant one has been noticed in the Central Asia and the South Asia, where the participation rate of females is 55.5% while that of males is 80.7%.

ADB Vice-President of Knowledge Management and Sustainable Development Ursula Schaefer-Preuss commented on the report saying that "sheds further light on the negative impacts of gender discrimination in the labour force and provides a new chance for governments and societies to increase quality employment options for women."

However, in India out of the total workforce only 31% is represented by women and amongst that 32% of the females belong to the informal workforce. The Female labour participation ratio that exists in India is around 32.8% whereas in Nepal it stays at its peak at 63.3%.

The Government of India has taken few steps for the welfare of the labour force in India by coming up with Unorganised Sector Workers Social Security Bill (2005) and forming a National Social Security Fund. "Asia faces both old and new challenges and it needs to address both if it is to reap the social and economic benefits of gender equality," ILO Regional Director for Asia and the Pacific Sachiko Yamamoto said.

Read more about: world, adb, ilo, investment
Story first published: Saturday, April 30, 2011, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'