The absorption of the “womenomics”
principle in the 2022-23 budget of Tamil Nadu
India
ranks 120 among 131 countries in female labor force participation rate.
The
female labour participation rate in India had fallen to 20.3% in 2019 according
to World Bank estimates.
Majority of Indian women work in the
jobs in the informal sector due to lack of higher education and specialised job
skills. In March, 2011 women workers constituted only 20.5 % of total
employment in organised sector in the country pushing India to a lower share of
women’s contribution to the GDP than the global average of 37%.
A
survey observed that women workers are the most disadvantaged in the labour
market in India, as they constitute a very high proportion among the low
skilled informal worker category and are engaged in low-productivity and low
paying work, mostly piece rates. In India, out of all estimated workers in
manufacturing, construction, trade, transport, education, health, accommodation
& restaurant, IT/ BPO and financial services, 70.7 per cent are male and
29.3 per cent female. . Thus, India’s
organised job market is severely skewed against women with employment
opportunities for them mostly restricted to traditional sectors. Most of the
women are employed in unorganized sector, working with low pay, without perks
like holidays or medical benefits and without security of jobs. Their incomes
do not give them the much needed economic power nor, do they contribute to GDP
of our nation significantly since, their incomes from unorganized sector do not
enter into national income calculation.
The main reasons for their lower employment in organized sector are the
lack of higher education and specialised job skills. These two factors play a
significant role in the economic empowerment of women and contribute higher
economic worthiness of women in other nations.
In 2013, former Prime Minister Shinzo Abe
proposed to adopt “womenomics” as a core pillar of the nation's growth strategy
In Japan. This concept explains that, . “Womenomics”
is the idea that, women’s economic advancement will improve the economy as a
whole through their higher contribution to GDP. In other words, higher entry of women into the
organised job sector is an important driver of
growth and development in future of all the nations. Higher economic
worthiness of women does not stop with personal benefits. In OECD countries, if the female employment
rates were raised to match Sweden, it would lead to a GDP increase equivalent
to $6 trillion. Gender pay gaps end up costing the economy in different ways.
Workforce in the Indian manufacturing industries is only about 10% of the total
female workers. Were India to rebalance its workforce, the IMF estimates, the worlds
biggest democracy would be 27% richer. Then, its people would be well on their
way to middle-income status.
The Tamil Nadu
government has incorporated “womenomics principle” in its 2022-23 budget because,
a study has found out that raising women's participation in the labor force in
the formal economy to the same level as men can boost Tamil Nadu
economy to a great extent. The All India Survey of Higher Education (AISHE)
2019-29, released by the Centre recently, reveals that Tamil Nadu is among the
states that have a higher enrollment of women in undergraduate and postgraduate
courses. But the dropout rate from college education is higher among rural families.
The main reason is financial difficulty. According to AISHE 2019-20, the
difference between male and female enrollments in colleges in Tamil Nadu is
around 36,000. Higher Enrollment of girls in Higher education and their
retention the colleges till they complete their course is the best way to make young girls economically
empowered .The present government of Tamil Nadu has understood this core point
connected with economic empowerment of women. Their university degrees would help them to
enter into better jobs in the organised sector where there is no gender
injustice in wage matters .Their entry into the organised sector
would create an Army of young girls with higher economic status living their lives with dignity ,confidence to face the challenges of life and determined
face any risks in life would supplement
to their families’ income and thus provide decent food, clothing, shelter,
education and medical treatment and these women would not succumb to domestic
violence and ill treatment.
Considering all the
benefits of women’s economic empowerment
through higher education , the Tamil Nadu government during the
recent budget session announced that, “all the girls from classes 6-12 in
government schools would be paid Rs 1000 till the uninterrupted completion of
their undergraduate degree or diploma or ITI courses “. This is in addition to
other scholarships .The money would be paid to the girl’s bank accounts every
month for 36 months. It is estimated that, approximately 6 lakh girls would
benefit from this measure according the State Finance Minister’s statement. The
expenditure involved for 2022-23 is 698 cores. This move is hailed by the gender
economists and by financial experts as the most productive welfare measure
taken by the Tamil Nadu government to empower poor girls socially and economically
resulting in, higher contribution of women resource to the GNP. The aim of this
budgetary support is to prevent girls from dropping out of colleges due to
their poverty position.
Tamil Nadu emerges with third rank among the big states in
the country, in terms of Gross Enrolment Ratio (GER) in higher education. Tamil Nadu has 50.5 per cent male
enrollment and 49.5 per cent female enrollment
in colleges. TN is No 3 in Higher Education gross enrolment ratio . The Centre has set a target
of achieving 50% GER in higher education by 2030 and now we have achieved it
almost. But the dropout rate of girls from colleges is a matter of worry to the
Government. Hence present budget support to girls would mainly prevent the drop
out from colleges and would encourage the girls of Tamil Nadu to complete their
degrees, enter into organised jobs, enhance their economic worthiness and make significant
contribution to GNP of the nation which is the core point of the “womenomics
principle”