- Report was prepared by the Confederation of Indian Industry (CII) along with others.
- CII was supported by the Ministry of Women and Children development.
- Care economy consists of the paid and unpaid labour and services that support caregiving in all its forms.
- It includes domestic chores, taking care of family members such as children and elderly or looking after individuals who are ill or have disabilities.
- Need for Care Economy in India
- Changing demographic landscape (from2020 to 2050) of India, may lead to
- demand for more elderly care
- substantial dependency burden on children
- Wide gender gaps in unpaid domestic and care work represents an economic value of almost 15%-17% of the GDP.
- Investments in care infrastructure will create new business opportunities and generate jobs.
- Changing demographic landscape (from2020 to 2050) of India, may lead to
- Key Recommendations (Five Pillars)
- Maternity and Paternity leave Policies should involve incentives for MSME/starts up and have market based financing.
- Subsidies for Care Services for elderly and childcare to NGO/SHGs.
- Public Investment in care infrastructure and mobilisation of Public Private Partnership.
- Skill training for care workers with certification
- Institutional mechanisms for quality assurance such as establishment of Sector skill council, and collection of data.