India will reach 30% gender diversity on company boards only by 2058

2024 'board refresh' could mark opportunity to accelerate change, says IiAS report

India companies will take more than three decades to reach 30 per cent gender diversity at their current pace of change.

The pace of women’s representation has been slowing with only a one per cent increase during the past three years, suggesting that it will reach 30 per cent only by 2058, according to a report from proxy advisory firm Institutional Investor Advisory Services (IiAS) with Netherlands-based APG Asset Management Asia. Representation was 17.6 per cent at the end of March 2022.

The study looked at numbers for the Nifty 500 companies. It showed six per cent representation in 2014. This increased