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Professor Claudia Goldin became the 3rd woman to be awarded the Sveriges Riksbank Prize in Economic Sciences which is commonly referred to as the Nobel Prize for Economics.
Importance of feminism in economic growth of india- Increasing female labor force participation - As attitudes towards working women have improved, India's female labor force participation rate has risen over time, though it remains lower than men's. More women working boosts incomes, productivity and GDP growth. - Improving girls' education - Literacy rates for young women have risen substantially thanks to greater access to primary and secondary education. Educated women tend to be more productive at work, earn higher incomes, and invest more in their children's health and education. - Promoting financial inclusion - Feminist efforts have expanded women's access to bank accounts, credit, and financial services. This enables more women to start businesses, make productivity-enhancing investments, and manage household expenses. - Changing attitudes and norms - Activism around issues like domestic violence, inheritance rights, and women's autonomy helps shift patriarchal norms. As attitudes improve, women gain more decision-making power and economic opportunities. - Increasing political participation - Having more women in state and national legislatures raises attention towards women-friendly policies. Things like paid maternity leave, childcare support, and protections against discrimination boost women's labor force participation. - Spurring innovation - Indian women have made strides in areas like science, technology and business. Emerging female leaders and entrepreneurs create economic value through new innovations, products and services. While India still has a long way to go, feminist movements have helped bring about important legal, social and economic changes enabling women to better contribute to the country's growth and development. |