By increasing women participation by 50%, GDP will increase by 1%, a fund of 4 billion dollars has been created

WTO and the International Trade Center (ITC) have launched a US$50 million (Rs 4 billion 14 crore) global fund to help women take advantage of opportunities in international trade and the digital economy. In this, 5 million dollars have been given by UAE. Created on the sidelines of the 13th Ministerial Conference being held in Abu Dhabi, UAE, the fund aims to support women-led businesses and women entrepreneurs in the digital economy in developing economies and least-developed countries to adopt digital technologies and expand the online presence of their enterprises. To help.

At the same time, World Bank Managing Director (Operations) Anna Bjerde said that if India increases its female labour force participation to 50 per cent, it will help increase GDP growth by 1 per cent. This will be a huge achievement for a country like India. Anna Bjerde is currently in Chennai, India to inaugurate an important project.

WTO Director-General Ngozi Okonjo-Iweala said that digital trade has been growing at an average rate of 8% since 2005. In this age of digital business, those who were left behind in the first wave of globalization are now getting the opportunity to take advantage and do things differently. Digitalization is opening up unprecedented opportunities to empower women entrepreneurs, create a level-playing field and promote inclusive growth.

Meanwhile, during his visit to India, Bjerde said that any country with similar demographics and social dimensions trying to move from a lower-middle-income to a high-income developed country can learn a lot from India. He also visited 'Thozhi', a working women's hostel here in Chennai. This hostel has been jointly developed by the Government of Tamil Nadu, the World Bank and the private sector. Bjerde said India's female labour force participation is currently not satisfactory.