The Committee, headed by Justice Ruma Pal, has several leading personalities on its board, the ministry said in a statement.
"The high-level committee will conduct an intensive literature survey to take stock of published data, reports, articles and research from about 1989 onwards, on the status of women in India," it said.
Following the survey, the committee will prepare a report on the current socio-economic, political and legal status of women in India and recommend measures for their empowerment, it added.
The Committee in its analysis would take account of cross-regional differences and focus on inequalities both within and outside the household.
"It would also assess the impact made by existing policies and legislative changes on equality, security and holistic empowerment of women, and will identify inequalities in policy and legislation as well as gaps in implementation," the ministry said.
The Committee would also look into women's access to and participation in formal and informal paid employment, geographical pattern of their economic activity, access to micro-finance, bank credit, training and skill upgradation, among others.