2023-24 India Economic Survey proposes 2% GDP investment in care economy, generating 11M jobs (70% women), with subsidies for care services.
India's Economic Survey 2023-24 proposes strategic reforms to build a care economy, addressing the 'motherhood penalty' challenge and increasing female labour force participation. A 2% GDP investment could generate 11 million jobs, 70% for women, with subsidies for care services considered. Successful international models offer insights, such as Australia, Argentina, Brazil, and the US, which provide financial assistance to care workers.
July 22, 2024
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