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Development led by corporates, not women
Context:
As a recent update in India’s lack of efforts towards Women workforce, the G20 Declaration says it encourages ‘women-led development’ but data show that women are not being paid enough for their work.
G20 Summit Declaration and Women's Empowerment
- Working Group's Track Record: Previous working groups lacked implementation; only 12% of SDGs on track globally.
- Vague Commitments: The Declaration encourages "women-led development" without defining its parameters or distinguishing it from existing models.
- Macro Development Model: G20 reaffirms commitment to a macroeconomic model, raising questions about the integration of women-led development.
Discrepancies in Women-Led Development Schemes
- Misleading Schemes: Government's 'Women-led Development' schemes hide decreased investments in women's projects.
- Gender Budget Concerns: The Gender Budget, meant to prioritize women's development, faces reductions and inadequate allocations.
- Budgetary Allocation Trends: In 2023-24, 'women-led development' rhetoric coincided with a decrease in wholly women-specific scheme expenditure.
Women's Economic Independence and Policy Impact
- Decline in Women's Workforce: Periodic Labour Force Survey shows a drop in women's regular waged work from 21.9% to 15.9%.
- Unorganised Sector Exploitation: Over 95% of women in unorganised sectors face job insecurity and exploitation.
- Policy Impact on Vulnerable Groups: Economic policies favoring the rich adversely affect women, especially Dalits and Adivasis, reinforcing corporate-led development.
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