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Women are the future of our economy

  • Published at 07:10 pm March 21st, 2018
  • Last updated at 12:04 pm March 22nd, 2018
Women are the future of our economy
A recent report by the Bangladesh Bureau of Statistics shows that the size of the women’s labour force has seen an impressive increase of 4.6%. With more and more women joining the workforce, it is up to us as a nation to take advantage of the situation. An increase in the number of women being part of the labour force will inevitably boost our GDP, bringing us closer to becoming a developing nation. It is also crucial for women themselves, for whom financial independence is key to empowerment, and creating a society that showcases the equality of both sexes. Between 1999 and 2013, the number of women participating in the labour force has seen remarkable increase, with almost a 190% rise for women aged 20-29, and a 100% rise amongst women aged between 30 and 49. For this, the government must be praised. We have concurrently seen a steady decline in labour under-utilization, which has gone down by 7.5%. But, there is still much work to be done, of course. Women make up almost 50% of our demographic while only 33.5% of them are involved with productive work. This means that we need to clear any and all obstacles which impede the progress of women, which requires not only providing them with the opportunity to join the work force but also to eliminate the various socio-political factors which hold them back. The women in our workforce have continued to boost our economy and it is about time that policy-makers took that into account. A more inclusive society, one which allows women to be free, independent, and financially stable, will only benefit our nation in the long run.