Yes it does, at least to a large extent, combined with Wente's piece on the same topic. 

If a much smaller number of women are interested in a field, then the more other, better options they have, the likelier it is they will opt for those.

In India, there is much economic pressure on both males and females to study for handful of high-paying, high-status positions that do not depend on English-language skills and better their chances of economic security and emigration to a developed country. STEM fits the bill.

Would they choose STEM if they did not have that pressure? Probably not.