Secretary of State Antony Blinken stated that Google India has committed to mentoring 1 million Indian women entrepreneurs. Speaking at the launch of the US Initiative on Global Women's Economic Independence, he also stated that they are working to expand that number.
According to Antony, the group is endeavouring to advance and duplicate schemes similar to the US-India alliance for women's economic development. Due to the connections made between the commercial sector and civic society, Indian women now have access to networking opportunities and technical knowledge that will help them grow their businesses. Additionally, Blinken committed to support women in business by tackling some of the issues that all too often prevent them from pursuing their dreams, such as a lack of mentoring and training opportunities.
The secretary of state said, "governments, economies, and communities are better when they include the full involvement of women,". President Biden entered office with a dedication to gender equality and equity, stated Antony. His first activity of 2023 was this one.
As per Antony, who was detailing the objectives, the US will increase women's future prosperity so that more of them may fully engage and lead across all industries and sectors, including as CEOs and board members.
"You may have heard that the world economy would gain up to USD 28 trillion if the gender wage gap was eliminated by 2025. That contribution is more important than ever, particularly at a time when we are attempting to recoup from COVID, deal with the effects of climate change, and solve the numerous conflicts that are also impeding the global economy,” US State Secretary added.
The strategy focuses on removing some of the obstacles that prevent women from participating fully in the economy, including discriminatory laws that forbid women from working in certain industries like energy and manufacturing, as well as restrictive policies that restrict access to credit that female business owners and innovators need to launch and grow their companies.
In all of their diversity, he concentrated on assisting women and girls, especially those who frequently encounter the most difficult obstacles, such as women from underrepresented backgrounds, members of underrepresented religious groups, disabled individuals, and LGBTQ individuals.
Secretary of State also stated that there is a need to reinforce the fundamental supports, such as elder and child care that enable women to participate fairly in the economy "Millions of women over the world were compelled by COVID-19 to leave labour in order to care for their family. We will therefore widen the range of possibilities available so that caretakers, who are typically women, can genuinely go back to work. In order to do this, we are supporting initiatives like the World Bank's Invest in Childcare project, which will assist in enhancing access to high-quality, reasonably priced child care in low- and middle-income nations worldwide."
He used the World Bank as an example of a company that has achieved gender equality, noting that "World Bank - women have equal fundamental relative wealth with males in 12 nations in around world - 12 countries all over the world," but also through equal pay and legal safeguards in the workplace.
