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27 Jan 2024 : PIB Summary for UPSC

PIB Summary for upsc

27-January -2024

1. Women’s inclusion in the workforce to benefit India’s journey towards becoming a developed nation:
Sh. Piyush Goyal

Topic: GS3 – Indian Economy – Inclusive Growth
Crucial for UPSC as it highlights India’s innovation, women’s role, ease of doing business, and economic growth strategies.
Context:
  • Union Minister Piyush Goyal applauds women-led development, announces 75,000 patents granted in 10 months, emphasizes ease of doing business reforms, and launches ‘Lakhpati Didi Scheme’ for rapid growth, urging startups to contribute to India’s innovation-led growth.

 Additional information on this news:

  • Union Minister Shri Piyush Goyal interacted with innovators and entrepreneurs on the eve of the 75th Republic Day in New Delhi.
  • He highlighted the ‘nari shakti’ exposition at the Republic Day Parade as a powerful display of women-led development in India.
  • Shri Goyal emphasized the importance of women’s inclusion in the formal labor force, stating it would significantly contribute to India’s journey toward becoming a developed nation.
  • The minister celebrated the increasing number of women in the startup ecosystem, noting that 20 unicorns are led by women, and there has been a rise in women patent holders.
  • The Indian Patent Office granted a record 75,000 patents in the last 10 months, showcasing India’s ability to innovate and grow rapidly.
  • Shri Goyal mentioned that 40,000 compliances across the country have been eliminated or simplified to ease the burden on entrepreneurs.
  • The Jan Vishwas Bill was passed to decriminalize and rationalize offenses, creating an atmosphere of trust-based governance for ease of doing business.
  • The Pradhan Mantri Jan Dhan Yojana played a pivotal role in empowering entrepreneurs to be self-reliant and contribute to the country’s growth story.
  • Shri Goyal expressed confidence in the youth, especially women, stating that their collective effort can make India a corruption-free nation and boost the economy to thirty-five trillion dollars.
  • The minister announced the launch of the ‘Lakhpati Didi Scheme,’ aiming for rapid growth with entrepreneurs and innovators at the forefront.
  • Shri Goyal called upon startups and innovators to contribute to India’s innovation-led growth story as the country marches towards its 100th year of Independence in 2047.
Women’s Inclusion In Workforce
Data:

  • Participation Rate: 24% nationally, 16% urban (2022), ranking 120th out of 131 countries.
  • Gap Closing: Progress, but slow – at current pace, will take 132 years to close.
  • Informal Sector: 94% of working women, facing lower wages and no social benefits.

Importance:

  • Economic Growth: Boost GDP by 1% with 50% participation (World Bank).
  • Diversity & Innovation: Diverse teams bring fresh perspectives and drive creativity.
  • Social Progress: Empowerment, financial independence, and improved quality of life.

Challenges:

  • Deep-rooted Gender Bias: Societal norms, stereotypes, and discrimination.
  • Lack of Childcare Facilities: Major hurdle for working mothers.
  • Unequal Pay & Promotion: Gender pay gap persists, hindering career advancement.
  • Limited Skills & Training: Skill mismatch between available jobs and women’s qualifications.

Way Forward:

  • Policy & Legislation: Strengthen anti-discrimination laws, quotas, parental leave policies.
  • Education & Skilling: Focus on STEM fields, vocational training, and reskilling programs.
  • Workplace Culture: Promote diversity & inclusion initiatives, mentorship programs, and flexible work arrangements.
  • Mindset Shift: Address societal biases through education, community awareness campaigns, and media representation.

 
 
 

PYQ: How does patriarchy impact the position of a middle class working woman in India? (UPSC CSE (M) GS-1 2014) (150 words/10m)
Practice Question: Critically examine the factors impeding women’s participation in India’s workforce, assessing their socioeconomic impact. Suggest multi-pronged strategies to overcome these challenges and accelerate women’s empowerment through increased labor force inclusion. (250 words/15 m)

 
 

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