Women In Leadership: A Success Story In The Making

By: Rachita Sharma, Managing Editor | Thursday, 25 July 2024

Women in India are acing the corporate and entrepreneurship game. According to a recent study by LinkedIn and The Quantum Hub, an increasing number of women are joining the Indian workforce, contributing to a rise in overall representation. India's female workforce representation has grown from 23.9 per cent in 2016 to 26.8 per cent in 2024.

However, leadership gaps continue to persist, with women in senior leadership roles increasing from 16.6 per cent to 18.7 per cent in 2023, however, slightly declining to 18.3 per cent in 2024. Women in India continue to face barriers in reaching top leadership roles.

Deloitte's Women @ Work 2024 report highlights global factors impacting women's careers, including increased stress, mental health stigma, long working hours, and menstruation challenges, with slightly higher mental well-being among Indian women.

State of Women's Employment in India (Careernet Report) mentions that India's women's employment rate increased to 37 per cent in 2022- 23, a significant increase from 23.3 per cent in 2017-18, with higher rates in Hyderabad, Pune, and Chennai. Opportunities are growing in the banking, financial services, and insurance (BFSI) sector, particularly within Global Capability Centers (GCCs). In addition to these, the S&P Global Report shows a 26 per cent increase in women's representation in Indian organizations in 2023, while globally, women make up 39 per cent of the workforce.

The writing is on the wall; women are making headways in every possible industry. Companies must now take steps to ensure that women’s representation in leadership roles increases at a similar pace as well.

Women must have strong role models and our motto at Women Entrepreneurs Review is just that. In this current magazine edition read about the success story of Akshara Pant, Director, Tuoren. Her career journey commenced in the service sector with Panasonic, refining her customer service skills. Transitioning to a manufacturing company in Hospitality and Hospital segments provided insights into customer needs, underscoring the pivotal role of service across industries. Venturing into the Healthcare and Medical Devices sector, she blends technical expertise with a customer-centric approach.

We also introduce readers to the professional odyssey of Rakhi Mukherjee, Founder of Expo Galaxia. With a background in organizing exhibitions since her teenage years, she fosters innovation and inclusivity, driving sustainable growth in the industry. Central to Rakhi's professional ethos is her fervent support for the Make in India campaign. Believing in the power of indigenous production and innovation, she actively incorporates this ethos into her business practices, promoting local talent and products through Expo Galaxia's events.

Read more about these women leaders and get to know the secret to their success.

Do let us know your thoughts.