The Indian government has announced setting up a high powered committee on banking. What are key areas for the sector to support Viksit Bharat?
@neerajgambhir and I discuss in this episode of #opendialogue
https://t.co/KUo3Wnp9fj
@AxisBank
🎙️ My FIRST ever podcast is live!
And what better way to kick things off than with @sameershetty29, CDO of @AxisBank, breaking down how one of India's largest banks is betting big on AI.
The India AI opportunity is real and Sameer gives you a ringside view of what's actually happening inside the engine room. No fluff. Real, hard-hitting insights.
Massive thanks to @AIBoomi for making this happen and to Sameer for being such a generous first guest.
Give it a listen 👇
@AntlerIndia@telljeeves@nitinsharma1@raghavgoyal97@dravishakatoch@jasnoorgill@SirCribs_a_Lot
In our report "The Missing Half: Women and India's growth challenge" we show that raising women's labour force participation rate is not just a social necessity but an economic imperative. The growth acceleration necessary for 'Viksit Bharat' may not be possible without a substantial rise in female labour force participation rates (FLFPR).
To understand both the opportunity and the limits of policy, we place India within a longer global arc. India is currently near the bottom of the ‘U’ seen when countries are mapped on FLFPR vs. average incomes. India is climbing out of the bottom but not fast enough.
We studied trends in advanced economies, where, over the past century, women have moved from the economic periphery to the core. Given the paucity of primary research on FLFPR in India, we also conducted a proprietary survey of around 11,000 college educated women across 42 Indian cities.
In developed countries, demand for women's labour was addressed by shifts in demand (more services, removal of legal barriers and reduction in cultural bias) as well as its supply (household automation, education, out-of-home safety and reproductive control) . These would not have occurred without shifts in cultural norms, which were accelerated by war-time mobilization in WW2. Even high-income economies though continue to see gender gaps in pay later in careers, mostly attributable to the ‘motherhood penalty’.
This structural lens helps understand India’s challenges. There has been substantial progress on the supply-side, like inputs that reduce time spent on household work: pucca houses, dense energy access (electrification, cooking gas) and piped water. Higher-education enrolment ratios for women, necessary to reduce the ‘marriage penalty’, are rising and are now mostly at par with men in most states.
However, there are demand side constraints like too few accessible non-farm jobs (for men and women), fewer jobs in sectors that are globally women-dominated, and several remaining supply-side constraints like unpaid care, safety concerns, and social norms that suppress participation.
For the cohort we surveyed (white-collar, English-speaking: at the top of the social pyramid), the survey reveals a clear transition to “Career AND Family”, and a shift in aspirations to viewing paid work as a career and as central to their identity, not merely a source of income.
In this #opendialogue episode, @sameershetty29 and I discuss the key findings.
https://t.co/2dhLjTAZFD
(link to the report: https://t.co/G3TFchjGXl)
Women's participation in the workforce in India is among the lowest globally. In this week's #opendialogue we take a hard and cold economic lens to this topic.
Watch @neelkanthmishra share his perspectives #themissinghalf#opendialogue@AxisBank
https://t.co/Ww2SD09REQ
In this #opendialogue@sameershetty29 and I discuss how markets are likely to be the catalyst for the end of the war in West Asia. That despite inventories 2nd/3rd order effects can force a significant global recession if the Strait of Hormuz stays closed.
https://t.co/O7FY5Nk2Nj
The West Asia war has extended and has introduced significant uncertainty as far the economy is concerned. What does the war imply for the global economy? What does it mean for India? @neelkanthmishra and I discuss here
https://t.co/gxm3NVaC6R
@AxisBank#opendialogue
The new year #OpenDialogue episode focuses on prospects for the economy. After a period of slowdown, we believe the economy will fare strongly. How will growth, inflation, interest rates and exchange rates pan out? @neelkanthmishra decodes
https://t.co/YoCjyuJvI0
@AxisBank
The latest episode of #opendialogue covers the role yields and the bond market play. Bond yields quietly shape interest rates, inflation and market confidence. @ashishgupta2773 breaks down why they matter and what they signal for the economy.
https://t.co/oCd7X6RZ8a
@AxisBank
What’s beyond tax cuts in GST 2.0? It’s about balancing budgets, boosting growth, and curbing inflation. Get insights from experts Sameer Shetty & Neelkanth Mishra in this revealing episode.
https://t.co/dVQQdEidNb
India’s tax landscape just changed in a big way. GST has been simplified with two main slabs, fewer inverted duties, and clearer pass-through to prices. What does this reset mean for inflation, demand, and growth?
@neelkanthmishra and @sameershetty29 decode