GENDER PAY GAP IN INDIA (WHAT WE CAN LEARN)

Abstract

In this research I have done qualitative and comparative analysis of gender pay gap among the best ranked Gender gap countries and tried to find some reasons behind their success and how it can be utilized by India to improve our gender gap ratio. The gender pay gap, also known as the salary gap, is the overall disparity in pay between men and women who work. The gender disparity has narrowed in countries with a “higher share of women” in the legislature. When it comes to the gender pay gap, education is crucial. In terms of gender equality, countries with a higher proportion of female education seem to be more stable. However, also in countries like Iceland, where females have a higher education rate, there is still a wage difference. This suggests that education alone would not be adequate to close the gap; appropriate legislative funding is still needed. The societal mindset is still a significant contributor to gender inequality, so pressuring women through the legislative process will help to achieve gender equality, and will improve the gender wage gap. This can also be seen in the study, which shows that the difference will widen in the future as a result of COVID. While this difference can be seen in developing countries as well, it is more likely to affect countries like India, which has more gender inequality against women, a lower female education rate, and a violent political climate. As observed in the future, by incorporating some of the solutions suggested, this distance can be narrowed. The bulk of the reforms will be achieved by enacting more gender-neutral policies and curriculum. Women's gender inequality would gradually decline as a result of this. The next step may be to take drastic steps, such as Iceland's requirement that all business obtain an equal pay certificate.