Last few days I have had a writer’s block . Since my last blog, last weekend, I had been thinking on what should be my next topic but it just wasn’t getting structured
There were many Aha moments…but this post is not about that podcast.During the interview Daniel mentioned that one of his professors once told him that sometimes you just need to start writing and things will get figured out.
That suddenly hit a chord with me. So here we go….
I was reading the Entrepreneur magazine’s India edition and here I saw couple of very interesting facts. One of them was an article by Nobel prize winner Muhammad Yunus. He is the man behind the concept of micro finance which has empowered so many women .
One of the things he mentioned in the article is that if illiterate and poor women can transform themselves into entrepreneurs imagine what would happen if millions of high school and University graduates are empowered.
This got me thinking. If we discount for about 30% of India’s population to be children and old people, then out of the remaining 1 billion people you have 50% of them as women. What would happen if these 50% women came into the workforce- either as entrepreneurs or as workers, what would happen to the GDP of our country. About 400-500million more people in the workforce, which is expected to be the youngest workforce by 2030.
Last year I was in Canada during their 150 year celebrations and I realised that its GDP is close to two and a half trillion dollars, while India’s GDP is also close to 2.5 trillion dollars. However Canada’s population is less than the population of one city in India -Delhi NCR, about 3 crores (30million). India’s population is more than 125 crores(more than 1.25 billion).
In the same issue of the Entrepreneur there is another report which says that if women’s participation in the Indian economy goes up the country’s GDP is likely to go up by 60% that is an amazing figure
If only our women believe in themselves and if we can give them a supporting hand there is massive prosperity which can be created in this country. Right now for a lot of families in India, buying 3 meals is the biggest outgo of money. Once each family has multiple earners and expenses on food become a minor part of the spend, then families will educate their kids, they will take better care of them. and people will spend more on non-food items. These are exciting times if we take our destiny in our own hands.