Indian women spend eight times more hours on domestic duties and caregiving daily than men.
Goldman Sachs highlighted that women's lower participation in India is due to their higher share in caregiving duties compared to men.
The representation of women across MSCI India companies was at 16% in 2023, with only 8% at the executive level and 18% at board levels.
Goldman Sachs recommended building a care economy in India to support women in dedicating more time to work, as increasing work opportunities for women can help leverage India's demographic dividend.