WOMENOMICS unleashed: Steering India towards a $5-trillion economy

India stands at the crossroads of a transformative era,  its sights set on the ambitious goal of becoming a $5-trillion economy. In this monumental journey, women have emerged as the driving force, who are poised to act as catalysts propelling the nation towards economic glory. The concept of "Womenomics" takes centre stage, advocating for the full and equal participation of women across all economic spheres. By 2025, India is projected to become the world's third-largest economy, surpassing Germany and Japan. This monumental journey requires a concerted effort from every sector, with women emerging pivotal in the march towards a $5-trillion economy.

Key local and international trends:

Globally, the economic landscape is experiencing a paradigm shift towards inclusivity and equity, recognizing women's economic empowerment as a cornerstone for sustainable growth. Nations worldwide are implementing policies and initiatives fostering women's entrepreneurship, providing access to finance, and promoting leadership development.

Challenges and opportunities:

While significant progress has been made, gender disparities persist, hindering women's full participation in the workforce and entrepreneurial landscape. Addressing these gaps necessitates concerted efforts to enhance women's education and skills, eliminating unconscious biases, and cultivating inclusive workplaces that empower women professionally.

Driving India's $5-trillion dream:

India's ambition to become a $5-trillion economy by 2025 demands a collaborative effort from every sector, with women positioned as key catalysts. Women aren't just consumers; they are integral contributors across industries—from agriculture to technology—creating value, generating wealth, and driving growth.

Yet, challenges such as social norms, cultural biases, legal constraints, financial exclusion, skill gaps, and safety concerns limit their full economic potential. Overcoming these hurdles requires a multifaceted approach, fostering an environment that supports women's aspirations and harnesses opportunities arising from global shifts.

Most powerful women in business

The upcoming Business Today's Most Powerful Women in Business Awards will delve into these critical topics. The awards honor outstanding women leaders, setting new benchmarks and inspiring others to assume more substantial roles in the economic sphere.

The event will feature prominent business leaders & entrepreneurs, offering insights into women's role in steering the $5 trillion dream. Discussing the current state of women's participation, challenges, opportunities, and supportive policies, her perspective will illuminate the path ahead.

Moreover, the awards will showcase successful women entrepreneurs who've pioneered innovative solutions, sharing their journeys, scaling hurdles, leveraging technology, and making impactful contributions. A celebration of women's achievements, aspirations, and their pivotal role in driving the $5 trillion dream awaits.

This event promises to be an enlightening experience, providing a nuanced understanding of the importance and potential of women in the economy. It's a celebration of trailblazing women who are steering India towards economic prowess. Stay tuned for the Business Today's Most Powerful Women in Business Awards—a testament to Womenomics in action, to be held on December 8, 2023, at the Taj Lands End in Mumbai.

This event is supported by  - Motwani Jadeja Foundation, a force dedicated to driving positive change and championing women’s empowerment;  Banking Partner - SBI, Conglomerate partner  - Darwin Group Of Companies; Celebration partner - Magic Moments, Music studios; Gifting Partner  - Taneira, a Tata Product.