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The Importance of Women Entrepreneurship in India
By admin
September 30, 2021

The Importance of Women Entrepreneurship in India

Today more and more women are coming forward to participate in various economic activities. Undoubtedly, women’s entrepreneurship is of utmost importance to initiate the process of economic development in any country. There is no field as such in which women cannot work. Women constitute about 50 percent of the total population and their contribution is vital to participate in nation-building.

In this era of digitalization, globalization, and start-up booms, India has bright prospects in women’s entrepreneurship. Women Entrepreneurs not only come from all walks of life but also all parts of the country. In a few decades, the role of women has changed and is progressing towards much-needed improvement. Women can bring innovative solutions to the challenges and make sound decision making in this present industry 4.0. Women entrepreneurs have created many new jobs not only for themselves but also for others by offering innovative solutions.

In some of the businesses, women entrepreneurs are performing excellently and exceeded market expectations. Women are not only successful in medicine, aeronautics, law, science, space exploration, military, and police services but also much success in business and industry. Women entrepreneurs possess some characteristics which help them to implement their creative and new ideas in their day-to-day business operations.

Women give much importance to communicational, networking, and organizational skills in their journey of Entrepreneurship. Furthermore, they are good at maintaining a work balance in life. An ideal woman entrepreneur can create a livelihood for at least 10 more women. In the last few decades Indian women are becoming more and more economically independent.

Functions of entrepreneurs include:

  • Planning
  • Organizing
  • Staffing
  • Directing
  • Leadership
  • Motivation
  • Supervision
  • Coordination
  • Controlling

The concept of women Entrepreneurs – The women or a group of women who initiate, organize and operate a business enterprise. A creative and confident woman desiring individual economic independence and creating employment opportunities for others.

Some of the statistics of women entrepreneurship in India:

  • In India, 58.5 million entrepreneurs, nearly 14% are women
  • The businesses that are women-owned in India provide employment for 45 million
  • Only 2% of the start-up funding went to a woman founder in the year 2017.

As per McKinsey Global Institute of study that was made in the year 2015, shows that India’s Gross Domestic Product by the year 2025 could rise between 16-60 if women participated equally with the men in this economy.As per a report, by the year 2030 women business owners could potentially create 150-170 million jobs in India. As per Google, Bain & Company report, India has 13.5-15.7 million women who own businesses and represent 20% of all enterprises. Entrepreneurship among women helps to create positive outcomes for economies, societies, and individuals.

In this era of globalization, the challenges are much greater for women entrepreneurs. Some of them include

  • Home Making and child-upbringing responsibilities.
  • Lack of support from family members
  • Women want to choose safe and secure jobs
  • Old school lending institutions do not lend much to women
  • Lack of access to professional networks
  • Lack of an entrepreneurial environment

For any queries related to funding or joining as an investor, please email at info@hyderabadangels.in and call us at 040 – 4048 4444 and we will be happy to assist you.

Women Entrepreneurship in India

Female Entrepreneurship in India

The concept of women Entrepreneurs

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