Increasing women’s participation in the economy to about 50 per cent can add a few percentage points to country’s gross domestic product (GDP) growth, ICICI Bank MD & CEO Chanda Kochhar said on Thursday.
“In India just about 30-35 per cent of the women participate in economic activity. But if we make it to 50 per cent we could add to a few percentage points to our GDP growth. I think it is a socio economic phenomenon that is good for the economy,” Kochhar said while addressing a seminar organised by Young FICCI ladies Organisation.
That is how we should look at the concept of gender diversity because it leads to better decision making, she said.“When you have diversity then decision making is more comprehensive and meaningful because you look at things from different points of view. Diversity helps in better decision making,” she added.