The Asia-Pacific gender-parity imperative

SINGAPORE/MUMBAI • Gender equality offers a sizeable economic opportunity for any country. A government that hopes to achieve strong growth without tapping into women's full potential is essentially fighting with one hand tied behind its back.

In fact, new research from the McKinsey Global Institute (MGI) finds that Asia-Pacific economies could boost their collective GDP by US$4.5 trillion (S$6 trillion) per year by 2025, just by accelerating progress towards gender equality. That would be the equivalent of adding an economy the combined size of Germany and Austria every year. The opportunity is especially large for India, where GDP would grow by as much as 18 per cent.

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A version of this article appeared in the print edition of The Straits Times on June 19, 2018, with the headline 'The Asia-Pacific gender-parity imperative'. Print Edition | Subscribe