Over the past two decades, women’s empowerment has been increasingly recognized as a crucial factor for any country’s holistic and sustainable development. Policy makers have suggested that gender equity is very much interlinked with most of the development policy of a country and it is crucial for meeting the international development standard like, Human Development Index, Gender Empowerment Index, Millennium Development Goals, etc. It has been identified that gender inequality can constrain the outcomes of macroeconomic policies. For instance, economic reforms with decreased incentives can reduce women’s output or restricted access to education or training can hamper women’s ability to develop their human resources (World Bank, 1995). It is not only costly to women, but it is also costly to children and men. Women’s empowerment can provide the possibility for all countries to have some combination of increased productivity, improved human resources, less stress and better overall education and health.