One of the ugly realities of the 21st century is the persistence of a serious gap between the wages of Working men and women around the world. Advanced economies of the United States and Western Europe also still continue to struggle to achieve a fair wage balance between men and women workforce. However, when it comes to developing economies like India, the size of gender-based wage disparities is far more striking.
The recent survey findings by the World Economic Forum (WEF) put the spotlight on India, ranking it among the bottom 10 countries in the world in terms of women’s participation in the economy. The WEF report reveals a shocking disparity between the wage structure of men and women in corporate India. The average annual income of a woman in India is US$ 1,185, compared to US$ 3,698 for the men employed in the India’s corporate sector.
This translates to an average woman’s pay of less than one-third of the average man’s pay in India. The WEF survey finds that India has fared worse than last year in terms of “economic participation and opportunity” for women, pushing the country among the bottom 10 countries on the WEF list. Overall, India achieves a score of 59.4% in terms of gender equality in the survey, but in terms of economic participation and opportunity, it scores a dismal 39.8%. India’s general participation of women in the workforce stands at 36%, where as for professional and technical workers, the figure is 21%.
The recent survey findings by the World Economic Forum (WEF) put the spotlight on India, ranking it among the bottom 10 countries in the world in terms of women’s participation in the economy. The WEF report reveals a shocking disparity between the wage structure of men and women in corporate India. The average annual income of a woman in India is US$ 1,185, compared to US$ 3,698 for the men employed in the India’s corporate sector.
This translates to an average woman’s pay of less than one-third of the average man’s pay in India. The WEF survey finds that India has fared worse than last year in terms of “economic participation and opportunity” for women, pushing the country among the bottom 10 countries on the WEF list. Overall, India achieves a score of 59.4% in terms of gender equality in the survey, but in terms of economic participation and opportunity, it scores a dismal 39.8%. India’s general participation of women in the workforce stands at 36%, where as for professional and technical workers, the figure is 21%.
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