India's income will go up by 27% with women participation: IMF

Better opportunities for women also promote diversity and reduce economic inequality around the world, IMF said

IMF Managing Director Christine Lagarde attends a news conference after a seminar on the international financial architecture in Paris, France. Photo: Reuters
IMF Managing Director Christine Lagarde. Photo: Reuters

India's national income would increase by 27 per cent if the participation of women in the workforce matches the level of men, International Monetary Fund Managing Director Christine Lagarde has said. Delivering a speech on "Women's Empowerment: An Economic Game Changer" in Los Angeles, 60-year-old Lagarde said equal pay and better economic opportunities for women boost economic growth and create a bigger pie for everyone to share. "Empowering women can be an economic game changer for any country. For instance, if women were to participate in the ...