Since 2006, the WEF has measured the gender gap of nations in four categories: economic participation and opportunity; educational attainment; health and survival; and political empowerment.
"Although these countries collectively have closed 41 per cent of their women in parliament gender gap, they took a step back this year", the report said.
Released on Tuesday, the 2018 Global Gender Gap Report benchmarked 149 countries on their progress towards gender parity based on political empowerment, labor force participation, educational attainment, and health and survival.
"India maintains a stable ranking this year, but its gap is directionally larger this year, with a 33 per cent gap yet to be bridged", says the report, titled Measuring the Global Gender Gap. European countries, meanwhile, took half of the top 10 spots, with Iceland keeping top spot for the 10th consecutive year, followed by Norway, Sweden and Finland.
"This year's analysis also warns about the possible emergence of new gender gaps in advanced technologies, such as the risks associated with emerging gender gaps in Artificial Intelligence-related skills", the report's authors write.
The gender gap in AI is of a particular worry because it's fast becoming the key industry that will guarantee you a job. "Proactive measures that support gender parity and social inclusion and address historical imbalances are therefore essential for the health of the global economy as well as for the good of society as a whole", said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.More news: Gatwick Airport Suspends Flights After Drones Reportedly Spotted Over Airfield
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Women also only hold just 34 per cent of managerial positions globally, but countries like Colombia, Jamaica and the Philippines are already achieving full parity in this area.
This year's report suggests we're seeing a decline of women represented in politics. Just 18 percent of ministers and 24 percent of parliamentarians globally are women.
Only in the area of economic opportunity did the gender gap narrow somewhat, although there is not much to celebrate, with the global wage gap narrowing to almost 51 per cent.
"The gender gap in political empowerment will be hard to close and now requires another 107 years to be bridged", the Global Gender Gap Report said.
"In an era when human skills are increasingly important and complementary to technology, the world can not afford to deprive itself of women's talent in sectors in which talent is already scarce", said Klaus Schwab, founder and executive chairman of the WEF. "It's in their long-term interest because diverse businesses perform better", said Saadia Zahidi, head of the Centre for the New Economy and Society and Member of the Managing Board, World Economic Forum. It was the only Asian country in the top 10.