IMF’s new report “Women in the Labour force: The role of fiscal policies” highlights an average of 2pc rise of the female workforce in Pakistan and 1pc decrease in India, DAWN reported.
According to the IMF’s staff report, women in most countries do not have the same opportunities to participate in economic activities as men have. This gender inequality has reduced to a good extent, but the average of female labour participation is below the male rate.
Globally, about on-quarter of countries experienced a decline in female force participation. Countries such as India and Sri Lanka facing an average annual decrease of one per cent between 1990 and 2018, whereas Pakistan, Peru and Spain experienced an average annual increase of 2pc.
The report also says “Many countries have adopted fiscal policy measures to promote gender equality since the mid-1980s. Countries use tax and expenditure policies to address gender inequality and the advancement of women in areas such as education and economic empowerment. Fruthermore, in 2018, at least 80 countries have used gender-responsive fiscal policy interventions to reduce gender inequality.
Women’s economic empowerment is the key to growth and productivity. Greater participation of women in the labour force also brings greater diversity that can foster new ideas for production and management, boosting aggregate productivity.