Female workforce in India’s IT-BPO, financial sectors dropped to 35.8% in Q4
Female employees in India’s Information Technology-Business Process Outsourcing (IT-BPO) and financial services sector decreased during the fourth quarter of FY2022, according to the Ministry of Labour & Employment.
In its latest Quarterly Employment Survey (QES), the Ministry reported that the female workforce within the IT-BPO industry fell from 38.7% to 35.8% quarter-on-quarter. Similarly, the financial services sector dropped from the previous 42.23% to 41.02%.
However, the ministry stated that this latest figure could also imply a lesser coverage in the survey in these sectors compared to the allocated sample units for other industries.
On the other hand, total employment in India increased by 3.5 lakhs (350,000) compared to the months between October and December 2021.
Meanwhile, the share of self-employed females fell to 0.63% in Q4, compared to 0.76% in the previous quarter. There has been an overall fall in those who are self-employed from 2.1% to 1.96%.
One of the significant figures in Q3 was that self-employed females in Financial Services with 8.44%, which fell to 5.67% in Q4.
