India's Presidency of G20 does not just puts 'Naari Shakti' in the spotlight, it also aims to support endeavours that bring women to the workforce economy.
Startup20 initiative is one such force that pushes G20 nations to capitalise on rising opportunities and create new ones that support equality at all measures. The G20 Startup group's purpose is to provide equal opportunities to those aspiring to create their own organisations and experiment in the start-up world.
G20 pushes for One trillion dollars investment in the global startup ecosystem
The Startup20 commencement meeting took place earlier this year in January in Hyderabad. Dr Chintan Vaishnav, Startup20 chairman had brought forward an interesting take on the theme 'Innovation Leading the Path for Solving Global Challenges'. The theme surfaces global challenges that nations must get a heads up for if we are to introduce a new startup ecosystem.
With the summit taking its second course next week, the initiative is gaining momentum with discussions lined up for a system that can be commonly used by member nations to create a justifiable plan going forward. With G20 also focussing on building an equal, transparent ecosystem for women to thrive and get opportunities like never before, it will be interesting to watch what role Stratup20 plays in achieving that.
According to reports, the common policy under question and discussion will aim at committing a one trillion dollar commitment towards this initiative.
In June, the Labour 20 held in Bihar also set a strong agenda on the same lines highlighting more women entrepreneurs and workers in the workforce economy globally. With 'Women and Future of Work' as its theme, the meeting created set guidelines that could help establish transparent networks which are both helpful and accessible for women.
If we talk about India, the country's aim to become the third-largest economy by 2030, women's contribution to the economy has to be prioritised as the report suggests women can contribute about 700 billion dollars to the GDP if we improve women's workforce participation.
Suggested reading: Labour 20 Summit: Time To Prioritise Women's Future In Workforce