Context
The global, male-dominated, capitalist system of business and society requires a transformation.

Putting Male-Centric Economic Views to the Test  
·         Unbalance in Economic Narratives: The Nobel Memorial Prize in Economic Sciences was notably awarded primarily to men, exposing a gender gap.
·         Award of a Nobel Prize to Claudia Goldin: The 2023 Nobel Prize winner Claudia Goldin clarifies the ongoing pay disparity between men and women in comparable positions.
·         India's Particular Economic Problem: India is struggling with a changing labor market, with a large proportion of its youth now working on short-term contracts and gig economies.

Must concentrate on  
·         Increased employment opportunities: Stresses the importance of investing in caregiving services, which are vital for human development, and providing respectable employment options.
·         Seeking Solutions: Critics of top-down, one-size-fits-all policies and instead advocate for bottom-up, customized solutions suited to various geographical situations.
·         Women's independence with honor: supporters of women's autonomy to create family-focused organizations and local communities' ability to design inclusive solutions.

Rethinking Economic Theories  
·         GDP-Centric Approaches: With India aiming for a $10 trillion GDP, women's responsibilities need to be reevaluated, with a probable shift from informal to industrial settings.
·         The importance of the Sustainable Development Goals (SDGs) A change in strategy is required in light of the G-20 evaluation, which shows a worrying lack of progress toward reaching the 17 SDGs.
·         Encouraging Women and Local Communities: Pushes against the predominance of male-driven, competitive paradigms in favor of a more inclusive and sustainable economic model.

LTX Mains Question: 
Q. Discuss the importance of appreciating caregiving in the framework of economic growth. How might women's empowerment and a reevaluation of economic assumptions lead to more sustainable and equitable growth?