Women are at the forefront, be it starting novel ventures or paving the way for wannabe lady entrepreneurs, women entrepreneurs in India are leading a cultural revolution. The role of the fairer sex in the business world is pivotal and has led to enhancing the economic growth of our nation as well as employment generation, and industrialisation. However, till now this number is small, only seven out of 100 entrepreneurs in India are women.
PROMISING FUTURE OF WOMEN ENTREPRENEURSHIP
As mentioned India has a long way to go in regards to women leadership. The sixth economic census by the Ministry of Statistics and Programme Implementation shows women comprise just 13.76 percent of the total entrepreneurs in India. This is just 8.05 million out of the total 58.5 million entrepreneurs.
Nonetheless, several government initiatives and women-oriented business policies aim to boost the entrepreneurial spirit. Backed by these policies, businesses owned by Indian women are likely to witness 90 percent growth in the next five years. According to ‘Women Entrepreneurship in India- Powering the economy with her, a report by Bain and Co. & Google, Women Entrepreneurs in India would be generating 150-170 million jobs by 2030.
‘MOMPRENEUR’ LEADING THE BANDWAGON
This story is from the February - March 2023 edition of The Franchising World.
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This story is from the February - March 2023 edition of The Franchising World.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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HOW DAVID BEATS OUT GOLIATH
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A YUMMY BOX OF BIZ OPPORTUNITIES
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How CSR can elevate Restaurant Industry further Impacting the society
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BABYSTEPS TO SUCCESS
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