Preetha Reddy, Suneeta Reddy, Sangita Reddy and Shobana Kamineni on the correlation between women's health and economic growth, how breaking the glass ceiling is also about overcoming deeply ingrained biases, and why leadership is a multifaceted skill set that transcends gender
It’s the shared vision and strong value system instilled by their father that’s driving the Reddy sisters towards transformational outcomes at Apollo Hospitals. Alongside expanding the reach of the private health care chain, they have consistently sought to stay ahead of the curve—leveraging technology with a clear focus on inclusion.
In an exclusive interview with Forbes India, Preetha Reddy, executive vice chairperson, Apollo Hospitals Enterprise Limited, Suneeta Reddy, managing director, Sangita Reddy, joint managing director, and Shobana Kamineni, promoter director of Apollo Hospitals, and chairperson, Apollo HealthCo Limited, discuss the inequities in the country’s health care system, power of partnerships and the broader implications of parity—not just for women, but for society and the economy at large. Edited excerpts:
Q. Bridging the gender gap has immense economic implications, but it’s primarily seen as a women’s issue. Your thoughts.
Suneeta: If you truly invest in women who constitute 48 percent of our population and encourage them to be part of the workforce, it can add around $1 trillion to our GDP. That’s India’s undiscovered potential. When we talk about women, there is a responsibility each one of us within the organisation has… to make sure that our conversations lead to action on the ground. Doing it in isolation will not create the desired impact. Everyone should think the same way. I am not talking about just women. It is important for men to start acknowledging this reality as well.
Preetha: There’s a significant correlation between women’s health and economic growth too. According to the World Economic Forum, an estimated $300 million investment in research focussed on women could yield a return of $13 billion. As a country, we need to focus on healthier women and stronger women—those who eat right, exercise well, and take care of their health. This will invariably lead to higher workforce participation and spurt in productivity. It will also bring down long-term health care costs. It’s crucial that women themselves realise the need for their well-being.