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The survey, encompassing responses from over 800 women across 10 cities, underscores regional variations in the challenges faced by women in negotiating salaries. 

CRISIL survey reveals 23% salaried women suffer gender pay gap 

The survey, encompassing responses from over 800 women across 10 cities, underscores regional variations in the challenges faced by women in negotiating salaries. 

The survey, encompassing responses from over 800 women across 10 cities, underscores regional variations in the challenges faced by women in negotiating salaries.&nbsp;

A recent survey conducted by CRISIL in collaboration with DBS Bank India has shed light on the persistent issue of gender-based pay disparity faced by women in the Indian workforce. According to the findings, 23% of salaried women in the country perceive a gender pay gap, while 16% report experiencing gender bias in their workplaces.
The survey, which included responses from over 800 salaried and self-employed women across 10 major cities in India, revealed varying experiences among women in different regions. In metropolitan areas, such as Kolkata and Chennai, a significant majority of women feel relatively unchallenged when negotiating their salaries, while in cities like Ahmedabad and Hyderabad, a lower proportion shares the same sentiment.
Interestingly, while salary and career advancement remain top priorities for a 69% of salaried women when selecting a job, 42% of self-employed women prioritize independence and flexible working hours over other factors. Surprisingly, remote working does not seem to be a high priority among salaried women, with only 3% considering it essential.
Kishore Poduri, Managing Director, and Country Head - HR at DBS Bank India emphasized the importance of promoting women's active participation in the workforce to enhance their economic independence and decision-making autonomy. He stressed that understanding women's aspirations and preferences better can help organizations tailor strategies to create more fulfilling career opportunities for women, thereby maximizing their potential contributions to the workforce.
The report underscores the need for concerted efforts from both the public and private sectors to address gender pay disparities and create inclusive work environments that empower women to thrive professionally.

India’s luggage industry is set to report 15% jump in revenues in fiscal 2024, says ratings agency Crisil

Rise in travel helps India’s luggage industry says Crisil 

India&rsquo;s luggage industry is set to report 15% jump in revenues in fiscal 2024, says ratings agency Crisil

India's luggage industry is set to report 15% jump in revenues in fiscal 2024, improving from the 40 percent growth achieved in the previous fiscal period, rating agency CRISIL said on Wednesday.&nbsp;
According to the agency's report, this growth is attributed to a surge in consumer preference for hard luggage made by the organised sector, and continuing growth in tourism and corporate travel.
Organized luggage makers are set to double capacity and ramp up retail presence by 35-40%, a feat that would see them draw up a total capital expenditure of ₹700 crore this fiscal, Rushabh Borkar, associate director at Crisil Ratings said.&nbsp; India's luggage industry
Rising penetration of hard luggage made by the organised sector, and continuing momentum in tourism and corporate travel will help companies report strong sales.
India&rsquo;s organized luggage market is led by companies such as VIP Industries, Samsonite, Safari, among others. These companies have benefited on the back of consumer shift to hard luggage. &ldquo;Consumer preference for hard luggage has driven up operating efficiencies and improved capacity utilisation of the organised sector. That, in turn, should expand their operating margin 150-200 basis points (bps) on-year to 16% this fiscal," Crisil said.

crisil report

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