09/06/2026
India's workforce is expanding, but the gender gap isn't closing at the same pace.
Our Research and Policy Center's third 'Mind the Gender Gap' report produced with CFA Society India, analyzes BRSR disclosure data from 300 of India's largest listed companies over three fiscal years. The findings point to growth that hasn't yet translated into meaningful inclusion.
Despite 13.3% total workforce growth between FY 2022–23 and FY 2024–25, women's overall representation declined slightly, from 19.6% to 19.4%. Of the more than 1 million jobs added across the sample, women accounted for only around 18% of those new roles. The assumption that economic expansion naturally drives gender inclusion doesn't hold up to scrutiny here.
At the leadership level, the gap is sharper. Board representation has remained broadly static at 18%–19% across all three years. Among key managerial personnel (KMP), there is less than one female KMP for every seven males. Almost two-thirds of the 300 companies analyzed have no female KMP at all.
Read the full report here: https://cfainst.is/4ulE18K
Where do you think the most meaningful intervention points are: at the hiring stage, in promotion pipelines, or at board level?
Keep an eye out for our next post on this report.
This report analyzes 300 Indian public companies. The findings reveal uneven representation for women and persistent senior-level pay gaps