Women Entrepreneurship - The Key Accelerator for Empowered India

Abstract

Women entrepreneurship is an increasingly salient part of the economic makeup and is a key contributor to economic growth in almost all countries. Any strategy aimed at economic development will be unbalanced without involving women who constitute half of the world population.Women entrepreneurs comprise about a third of enterprises globally and contribute significantly to employment generation and development. Skill, Knowledge & adaptability in business are the main reason for women to take up entrepreneurship. Nonetheless, their potential is underutilized, and women’s under-representation as leaders in both business and the political arena remains of concern. In many countries, women are not only less likely to turn to entrepreneurship, but their businesses are more likely to be informal, generate less revenue and employ fewer staff. Reasons for this are varied and include unfavorable business regulations, continued cultural barriers, gender stereotypes, women’s double roles at home and work, as well as unequal access to resources and bank credit. Major objectives of the study are to assess the role of Women entrepreneurs in creating new economy, to ascertain the factors in the emergence of women entrepreneurs’ highlight the major constraint and challenges faced by women entrepreneur and opportunity available to them. At the end the paper makes some suggestions for an increase or promotion of women entrepreneurs and healthy growth of women entrepreneurs in India.