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<!doctype html><html><head><title>Empowering women to join the workforce is the easiest way to increase economic growth - Nithin Kamath's personal homepage</title><meta charset=utf-8><meta name=title content="Nithin Kamath's personal homepage"><meta name=description content="Empowering women to join the workforce is an obvious way to increase our economic growth..."><meta name=viewport content="width=device-width,initial-scale=1"><meta property="og:title" content="Empowering women to join the workforce is the easiest way to increase economic growth - Nithin Kamath's personal homepage"><meta property="og:description" content="Empowering women to join the workforce is an obvious way to increase our economic growth..."><meta property="og:type" content="website"><meta property="og:url" content="https://nithinkamath.me/blog/empowering-women-to-join-the-workforce-is-the-easiest-way-to-increase-economic-growth/"><link rel="shortcut icon" href=https://nithinkamath.me/static/images/favicon.png><meta property="og:image" content="https://nithinkamath.me/static/images/thumb.jpg"><link rel=preconnect href=https://fonts.gstatic.com><link href="https://fonts.googleapis.com/css2?family=Inter&display=swap" rel=stylesheet><link rel=stylesheet type=text/css media=screen href=https://nithinkamath.me/static/style.css></head><body><section class="container wrap"><div class=header><div class=logo><a href=https://nithinkamath.me/><img src=https://nithinkamath.me/static/images/nithin.jpg alt class=photo></a>
<a href=https://nithinkamath.me/><img alt="Nithin Kamath's personal homepage" src=https://nithinkamath.me/static/images/logo.svg></a><p class=tagline>Musings on finance, business, and life</p></div><nav class=nav><a class=active href=/>Home</a>
<a class=active href=/blog>Musings</a>
<a href=https://nithinkamath.me/index.xml><img src=https://nithinkamath.me/static/images/feed.svg alt="Subscribe to feed"></a></nav></div><div class=content><div class="post single"><div class=post-header><h3 class=title>Empowering women to join the workforce is the easiest way to increase economic growth</h3><div class=date>26 Aug 2023</div></div><div class=body><p>Empowering women to join the workforce is an obvious way to increase our economic growth. Our female labor force participation rate is among the lowest in the world. One thing I couldn&rsquo;t make sense of is why our female labor force participation (FLFP), which was in the ~30% range in the 90s, fell to 20% and rose to 24%. We have been discussing this topic on the <a href=https://grove.rainmatter.org/t/womens-labour-force-participation-in-india-why-is-it-so-low/2331>Rainmatter Grove</a> and and Ashutosh from <a href=indiadatahub.com/>IndiaDataHub</a> shared something interesting:</p><p>&ldquo;The relationship between female labour participation and per capita GDP tends to be U-shaped. This is because at lower income levels, a large part of female employment (and the same holds for children) tends to be distress or need-driven. As income levels rise, this distress employment reduces, and thus female labour participation declines. And then it rises as women enter the labour force again, not due to distress, but voluntarily.&rdquo;</p><p>Check the images, the U shape (of course, with exceptions) and the FLFP % dip from the 90&rsquo;s.</p><p><a href="https://twitter.com/Nithin0dha/status/1695301585767698446?s=20" rel="noopener noreferrer">View on Twitter &rarr;</a></p></div><div class=tags><ul class=flat><li><a href=/tags/economy>economy</a></li><li><a href=/tags/startups>startups</a></li></ul></div></div></div></div></section><footer class=footer>Nithin Kamath &copy; 2021
- 2023</footer></body></html>
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<!doctype html><html><head><title>Musings - Nithin Kamath's personal homepage</title><meta charset=utf-8><meta name=title content="Nithin Kamath's personal homepage"><meta name=description content="An assorted collection of thoughts on business, finance, and life."><meta name=viewport content="width=device-width,initial-scale=1"><meta property="og:title" content="Musings - Nithin Kamath's personal homepage"><meta property="og:description" content="An assorted collection of thoughts on business, finance, and life."><meta property="og:type" content="website"><meta property="og:url" content="https://nithinkamath.me/blog/"><link rel="shortcut icon" href=https://nithinkamath.me/static/images/favicon.png><link rel=alternate type=application/rss+xml href=https://nithinkamath.me/blog/index.xml title="Nithin Kamath's personal homepage"><meta property="og:image" content="https://nithinkamath.me/static/images/thumb.jpg"><link rel=preconnect href=https://fonts.gstatic.com><link href="https://fonts.googleapis.com/css2?family=Inter&display=swap" rel=stylesheet><link rel=stylesheet type=text/css media=screen href=https://nithinkamath.me/static/style.css></head><body><section class="container wrap"><div class=header><div class=logo><a href=https://nithinkamath.me/><img src=https://nithinkamath.me/static/images/nithin.jpg alt class=photo></a>
<a href=https://nithinkamath.me/><img alt="Nithin Kamath's personal homepage" src=https://nithinkamath.me/static/images/logo.svg></a><p class=tagline>Musings on finance, business, and life</p></div><nav class=nav><a class=active href=/>Home</a>
<a class=active href=/blog>Musings</a>
<a href=https://nithinkamath.me/index.xml><img src=https://nithinkamath.me/static/images/feed.svg alt="Subscribe to feed"></a></nav></div><div class=content><section class=page><h3 class="title kind-section">Musings</h3><p>An assorted collection of thoughts on business, finance, and life. Browse by <a href=/tags>tags</a>.</p><div class=posts><div class=post><div class=date><span class=day>23</span>
<a href=https://nithinkamath.me/index.xml><img src=https://nithinkamath.me/static/images/feed.svg alt="Subscribe to feed"></a></nav></div><div class=content><section class=page><h3 class="title kind-section">Musings</h3><p>An assorted collection of thoughts on business, finance, and life. Browse by <a href=/tags>tags</a>.</p><div class=posts><div class=post><div class=date><span class=day>26</span>
<span class=year>Aug 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/empowering-women-to-join-the-workforce-is-the-easiest-way-to-increase-economic-growth/>Empowering women to join the workforce is the easiest way to increase economic growth</a></h4><span class=domain>twitter.com</span><div class=description>Empowering women to join the workforce is an obvious way to increase our economic growth...</div></div></div><div class=post><div class=date><span class=day>23</span>
<span class=year>Aug 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/you-need-both-physical-and-digital-presence-to-reach-more-customers-in-india/>You need both physical and digital presence to reach more customers in India</a></h4><span class=domain>twitter.com</span><div class=description>HDFC Bank opening 4 new branches daily last year is phenomenal...</div></div></div><div class=post><div class=date><span class=day>21</span>
<span class=year>Aug 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/india-is-many-countries-in-one/>India is many countries in one</a></h4><span class=domain>twitter.com</span><div class=description>India has 140 crore people...</div></div></div><div class=post><div class=date><span class=day>13</span>
<span class=year>Aug 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/social-stock-exchange-can-help-improve-funding-access-to-social-organizations/>Social Stock Exchange can help improve funding access to social organizations</a></h4><span class=domain>twitter.com</span><div class=description>One of the big challenges for social organizations...</div></div></div><div class=post><div class=date><span class=day>10</span>
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<span class=year>Jun 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/earning-higher-returns-than-savings-bank-accounts-and-fixed-deposits-with-treasury-bills/>Earning higher returns than savings bank accounts and fixed deposits with treasury bills (T-bills)</a></h4><span class=domain>twitter.com</span><div class=description>We all behave irrationally when it comes to money...</div></div></div><div class=post><div class=date><span class=day>30</span>
<span class=year>May 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/reducing-financial-frauds-by-using-in-person-verification/>Reducing financial frauds by using in-person verification</a></h4><span class=domain>twitter.com</span><div class=description>In most financial frauds, the account that is scammed is compromised...</div></div></div><div class=post><div class=date><span class=day>24</span>
<span class=year>May 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/the-significance-of-msmes/>Significance of MSMEs</a></h4><span class=domain>twitter.com</span><div class=description>I was at an amazing Micro, Small, & Medium enterprises (MSME) event hosted by...</div></div></div><div class=post><div class=date><span class=day>22</span>
<span class=year>May 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/the-importance-of-strength-training-for-indians/>The importance of strength training for Indians</a></h4><span class=domain>twitter.com</span><div class=description>Only about 50 lakhs or 0.3% of Indians go to a gym...</div></div></div><div class=post><div class=date><span class=day>20</span>
<span class=year>May 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/addressing-tax-evasion/>Addressing tax evasion</a></h4><span class=domain>twitter.com</span><div class=description>Govt has to do whatever to curb underreporting of...</div></div></div></div><ul class=pagination><li class=page-item><a href=/blog/ class=page-link aria-label=First><span aria-hidden=true>&#171;&#171;</span></a></li><li class="page-item disabled"><a class=page-link aria-label=Previous><span aria-hidden=true>&#171;</span></a></li><li class="page-item active"><a class=page-link href=/blog/>1</a></li><li class=page-item><a class=page-link href=/blog/page/2/>2</a></li><li class=page-item><a class=page-link href=/blog/page/3/>3</a></li><li class="page-item disabled"><span aria-hidden=true>&nbsp;&mldr;&nbsp;</span></li><li class=page-item><a class=page-link href=/blog/page/16/>16</a></li><li class=page-item><a href=/blog/page/2/ class=page-link aria-label=Next><span aria-hidden=true>&#187;</span></a></li><li class=page-item><a href=/blog/page/16/ class=page-link aria-label=Last><span aria-hidden=true>&#187;&#187;</span></a></li></ul></section></div></section><footer class=footer>Nithin Kamath &copy; 2021
<span class=year>May 2023</span></div><div class=body><h4 class=title><a href=https://nithinkamath.me/blog/the-importance-of-strength-training-for-indians/>The importance of strength training for Indians</a></h4><span class=domain>twitter.com</span><div class=description>Only about 50 lakhs or 0.3% of Indians go to a gym...</div></div></div></div><ul class=pagination><li class=page-item><a href=/blog/ class=page-link aria-label=First><span aria-hidden=true>&#171;&#171;</span></a></li><li class="page-item disabled"><a class=page-link aria-label=Previous><span aria-hidden=true>&#171;</span></a></li><li class="page-item active"><a class=page-link href=/blog/>1</a></li><li class=page-item><a class=page-link href=/blog/page/2/>2</a></li><li class=page-item><a class=page-link href=/blog/page/3/>3</a></li><li class="page-item disabled"><span aria-hidden=true>&nbsp;&mldr;&nbsp;</span></li><li class=page-item><a class=page-link href=/blog/page/16/>16</a></li><li class=page-item><a href=/blog/page/2/ class=page-link aria-label=Next><span aria-hidden=true>&#187;</span></a></li><li class=page-item><a href=/blog/page/16/ class=page-link aria-label=Last><span aria-hidden=true>&#187;&#187;</span></a></li></ul></section></div></section><footer class=footer>Nithin Kamath &copy; 2021
- 2023</footer></body></html>
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<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Musings on Nithin Kamath's personal homepage</title><link>https://nithinkamath.me/blog/</link><description>Recent content in Musings on Nithin Kamath's personal homepage</description><generator>Hugo -- gohugo.io</generator><language>en-us</language><lastBuildDate>Fri, 26 Jun 2020 00:00:00 +0000</lastBuildDate><atom:link href="https://nithinkamath.me/blog/index.xml" rel="self" type="application/rss+xml"/><item><title>You need both physical and digital presence to reach more customers in India</title><link>https://nithinkamath.me/blog/you-need-both-physical-and-digital-presence-to-reach-more-customers-in-india/</link><pubDate>Wed, 23 Aug 2023 00:00:00 +0000</pubDate><guid>https://nithinkamath.me/blog/you-need-both-physical-and-digital-presence-to-reach-more-customers-in-india/</guid><description>HDFC Bank opening 4 new branches daily last year is phenomenal.
<?xml version="1.0" encoding="utf-8" standalone="yes"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><title>Musings on Nithin Kamath's personal homepage</title><link>https://nithinkamath.me/blog/</link><description>Recent content in Musings on Nithin Kamath's personal homepage</description><generator>Hugo -- gohugo.io</generator><language>en-us</language><lastBuildDate>Fri, 26 Jun 2020 00:00:00 +0000</lastBuildDate><atom:link href="https://nithinkamath.me/blog/index.xml" rel="self" type="application/rss+xml"/><item><title>Empowering women to join the workforce is the easiest way to increase economic growth</title><link>https://nithinkamath.me/blog/empowering-women-to-join-the-workforce-is-the-easiest-way-to-increase-economic-growth/</link><pubDate>Sat, 26 Aug 2023 00:00:00 +0000</pubDate><guid>https://nithinkamath.me/blog/empowering-women-to-join-the-workforce-is-the-easiest-way-to-increase-economic-growth/</guid><description>Empowering women to join the workforce is an obvious way to increase our economic growth. Our female labor force participation rate is among the lowest in the world. One thing I couldn&amp;rsquo;t make sense of is why our female labor force participation (FLFP), which was in the ~30% range in the 90s, fell to 20% and rose to 24%. We have been discussing this topic on the Rainmatter Grove and and Ashutosh from IndiaDataHub shared something interesting:</description></item><item><title>You need both physical and digital presence to reach more customers in India</title><link>https://nithinkamath.me/blog/you-need-both-physical-and-digital-presence-to-reach-more-customers-in-india/</link><pubDate>Wed, 23 Aug 2023 00:00:00 +0000</pubDate><guid>https://nithinkamath.me/blog/you-need-both-physical-and-digital-presence-to-reach-more-customers-in-india/</guid><description>HDFC Bank opening 4 new branches daily last year is phenomenal.
As counterintuitive as it sounds, I think the real competition for most Fintechs in India is the branches of all banks. Each bank branch sells everything from loans, investments, insurance, and more.
Other than small-value consumer loans &amp;amp; payments, I don&amp;rsquo;t think it is possible to expand the market or increase market share beyond a certain point by being digital only.</description></item><item><title>India is many countries in one</title><link>https://nithinkamath.me/blog/india-is-many-countries-in-one/</link><pubDate>Mon, 21 Aug 2023 00:00:00 +0000</pubDate><guid>https://nithinkamath.me/blog/india-is-many-countries-in-one/</guid><description>&amp;ldquo;India has 140 crore people, and if X% can become customers because of Y% in a developed country,&amp;rdquo; is a dangerous line of thinking for founders and investors.
While building for up to 3% of English-speaking affluent Indians is easier, it&amp;rsquo;s much harder and complex beyond that. Something we are pondering at Zerodha as well.
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