International Women’s Day: Breaking Financial Barriers

What do Madhabi Puri Buch, Kristalina Georgieva, Nirmala Sitharaman, Vibha Padalkar, and Praveena Rai have in common? They are at the helm of top financial institutions in India and worldwide, shaping economies and fostering financial inclusion. Once considered male-dominated, these women exemplify the shifting landscape where women are redefining norms and excelling in finance.

The Barriers and a Welcome Shift

Traditionally, women faced numerous hurdles in overcoming financial obstacles. Often relegated to passive roles within familial dynamics, they had limited say in financial matters, relying on male relatives to make decisions. However, there’s a noticeable change with women asserting financial independence and challenging traditional gender norms. They are not only active in household finances but also spearheading advancements in the financial sector, advocating for equality and inclusion.

Taking Control of Their Financial Future

Today, more women are taking charge of their finances, breaking the stereotype of male-centric investing. With increased access to information, women are formulating investment strategies and diversifying their portfolios. Data from the Association of Mutual Funds in India (AMFI) shows a significant rise in female investors, reflecting a shift in traditional roles and recognizing women’s financial acumen.

A survey by CRISIL found that nearly half of female earners in Indian metros make independent financial decisions, emphasizing their pivotal role in shaping household finances. Despite these strides, challenges like limited access to capital and gender pay gaps persist, underscoring the need for ongoing education and awareness in personal finance.


On this Women’s Day, let’s applaud women’s resilience in overcoming financial barriers and strive for a future where gender disparities in finance cease to exist. Happy Women’s Day!

– The author is President and Head, Nuvama Wealth. Views expressed are personal.


  • International Women’s Day
  • Financial Inclusion
  • Gender Equality
  • Investment Strategies


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