India's Corporate Landscape Shifts Towards Women CEOs

Original: Breaking the glass ceiling: India’s corporate shift toward women CEOs

The Economic Times•Mar 9, 20263 min

In a Nutshell

India's corporate sector is witnessing a significant shift towards women leadership, particularly in consumer-facing industries and pharmaceuticals. A recent survey indicates that women hold 19% of CEO positions in the fast-moving consumer goods (FMCG) sector and 17% in pharmaceuticals, with potential growth to 25% by 2030.

Key Points

01Women hold 19% of CEO positions in FMCG and 17% in pharmaceuticals.
02Consumer buying decisions are significantly influenced by women.
03Structural and cultural barriers still hinder women's advancement in certain sectors.
04The 'broken rung' phenomenon limits women's progression to senior roles.
05Multinational companies lead in gender diversity, while Indian firms are catching up.

In-Article Ad

Full Summary

India's banking and financial services sector once led in women leadership, featuring pioneers like Shikha Sharma and Naina Lal Kidwai. However, the focus has shifted to consumer-facing industries and pharmaceuticals, where women now hold 19% and 17% of CEO positions, respectively. A survey by Executive Access suggests that this could rise to 25% by 2030 as organizations recognize the influence of women on consumer decisions. Notable women leaders include Priya Nair at Hindustan Unilever and Shweta Rai at Bayer. Despite progress, challenges remain, particularly in male-dominated sectors like infrastructure and capital goods. Experts highlight the importance of mentorship and supportive policies to overcome barriers, especially the 'broken rung' issue that sees stagnation at mid-level management. Multinational firms are currently leading in gender representation, but Indian companies are expected to close this gap in the coming years.

Key Figures

19%

Percentage of women CEOs in the FMCG sector

17%

Percentage of women CEOs in the pharmaceuticals sector

25%

Projected percentage of women CEOs in FMCG and pharma by 2030

30%

Percentage of companies experiencing stagnation or decline in women at senior levels

In-Article Ad

Why It Matters

The increasing representation of women in leadership roles can lead to more inclusive corporate cultures and better decision-making, ultimately benefiting consumers and the economy.

Who is affected

Women aspiring for leadership roles, consumers influenced by female leadership, and companies looking to improve diversity.

What to know

Organizations should implement mentorship programs and supportive policies to foster women's advancement in leadership.

FAQ

The fast-moving consumer goods (FMCG) sector leads with 19% of CEO positions held by women, followed by pharmaceuticals at 17%.

Structural and cultural barriers persist, especially in male-dominated sectors, along with challenges like safety and low representation in STEM fields.

Read the original article →