Women entrepreneurs

We have known that there is a major problem with India’s labor force: the women are missing.  India currently ranks 70 out of 77 nations on the Female Entrepreneurship Index.  Women entrepreneurs constitute only 10 percent of the total number of entrepreneurs in the country.

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 Women’s entrepreneurship might be the tool needed to improve the labor force’s gender balance.  When women have productive, paying jobs, that has a positive impact on their men and children, which reflects in higher human development indices.  In economic terms, bringing women into the labor force is known to increase the country's GDP.  If India’s growth story has to translate into shared prosperity for all its people, then it cannot afford to have one half of its population sit out.  Women are innately more emotionally intelligent, and with passion, motivation, and ambition, they make great co-founders.  Women leaders in India can be good to invest with because they control the vast majority of household spending.  Statistics show that business startups with women as co-founders have a bigger success rate than those with only men.

Labour force participation rate (LFPR) for working-age women (15 years and older) is abysmally low in India—at about 27%, which is slightly better than Afghanistan, Pakistan, and Saudi Arabia.  Young women are studying longer.  As incomes have increased, women who worked only out of necessity have retreated to their homes.  As agriculture has come under stress, rural women have been squeezed out of their farm jobs.  Educated urban women haven’t moved into the workforce in considerable numbers.  Lack of jobs overall, paired with men taking the lion’s share.  Women want jobs that are close to their homes, and have flexible working hours, according to World Bank research and these are hard to come by.  There are many jobs to which women’s access is restricted such as those in mines and hazardous industries.  The gender bias that exists in Indian society is a big challenge for women entrepreneurs.  Fear of instability, prospective quick exits owing to maternity leaves, and family priorities have been battled by female entrepreneurs. 4) Solution  Encouraging entrepreneurship in women can be a good starting point: Women will be creating jobs and opportunities for themselves, and bringing other women on board.