Women are among the hardest hit by the global economy where worldwide jobs are being cut and corporate profits are shrinking. In the global economic crisis, according to the UN Development Fund for women, most women throughout the world work in low skilled, low wages job. They are paid less than men in nearly every country in the world and they work longer hours. Women account for 70 percent of the world’s population [living in poverty - even though they make up 45 percent of the world’s workforce]. Even in developed countries, women are working longer hours and making less than men. The work often is dangerous and many women risk their lives each time they go to their jobs.The global economy is working for millions of working around the world. This paper will examine what the meltdown does to the female segment of the workplace in developing countries with particular reference to India, the fourth largest economy in the world though still categorized as developing country. Additionally this paper looks as how the rules of global economy make it possible for the companies to choose the lowest wages and highest profits, regardless of the consequences for people and communities. Companies are turning to women and girls to cut their labor costs and increase their profits. In the name of globalization and maximizing efficiency, economies like India which is dependent on export earnings for sustaining GDP growth are facing many problems like increasing feminization of poverty, rising dropout rates for girls and their forced induction as earning member and minor daughter being married off so that there is less mouth to feed. Women are likely to face additional threats on the job such as discrimination, sexual harassment, physical abuse and pregnancy exams as a condition of work.Without rules to protect basic rights, such as the freedom of association and an end to discrimination and child labor, working women are denied the opportunity to feed their families and contribute to their communities. In 10 years, 80 percent of all women in industrialized countries and 70 percent of all women globally will work outside the home. We need rules for the global economy that work for working families. Specifically, dynamic measures that target women are needed to redress existing discrimination and change attitudes and conditions. The major areas in which women rights must be defended and enhanced are: freedom of association, equal pay and employment, social protection like accessibility, maternity protection, health care, family responsibilities, harassment and violence against women and full participation of women in union organizations.