WOMEN, BUSINESS AND LAW REPORT 2023 – ECONOMY

WOMEN, BUSINESS AND LAW REPORT 2023 – ECONOMY

News: World bank releases Women, Business and Law report 2023

 

About the report:

●       Women, Business and the Law 2023 is the 9th in a series of annual reports that analyze laws and regulations affecting women’s economic opportunity in 190 economies.

●       Released by the World Bank.

 

Indicators: It has eight indicators- Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension.

 

Uses: Data and indicators in Women, Business and the Law 2023, used to build evidence of the relationship between legal gender equality and women’s entrepreneurship and employment

 

Findings of the report with respect to India:

  1. India as Lower middle Income group country with WBL index score is 74.4 out of 100.
  2. 100 representing the highest possible score.
  3. The overall score for India is higher than the regional average observed across South Asia (63.7). Within the South Asia region, the maximum score observed is 80.6 (Nepal).
  4. In India, a thriving civil society also contributed to identifying gaps, drafting legislation, and organizing public opinion through campaigns, discussions, and protests, leading to enactment of the 2005 Domestic Violence Act.