India could increase its GDP by $770 billion by 2025 by getting more women to work and increasing equality, according to McKinsey Global Institute. Yet, only 27 percent of Indian women are in employment. That’s the lowest among the major emerging nations and G-20 countries, and better only than Saudi Arabia, according to the publication IndiaSpend.
“If we are able to establish a safer environment, definitely more women will step out for jobs, adding to the workforce,” said Anjali Verma, an economist at PhillipCapital in Mumbai. “In a decade this may contribute to higher overall consumption, savings, and economic growth.” Girija Borker, a Ph.D. candidate in economics at Brown University, in a study of more than 4,000 women at Delhi University found female students willing to pay almost $300 more than men for a safer travel route because most faced some form of street harassment. “With the rapid urbanization, India needs better policies for women's safety,” Borker said.