How Indian Women Entrepreneurs are Shaping the Future!
The world is witnessing what women entrepreneurs can achieve if they are given centre stage. As per recent data, of the total entrepreneurs in India, 14 per cent are women.
But there are various challenges such as lack of access to funding, property ownership, cultural biases, and limited networking opportunities. Despite these issues, women entrepreneurs in India have been successful in carving out a niche for themselves across industries. They have started businesses in diverse sectors such as technology, fashion, education, healthcare, and more.
More and more women are starting their businesses, contributing to the growth of the Indian economy and making their mark in traditionally male-dominated fields.
In the past, it was primarily men who dominated areas like finance and technology. However, in recent years, this situation has changed significantly. Women entrepreneurs are at the forefront of innovation in the Financial technology or Fintech space. The area has emerged as a game-changer in the financial services industry where women are leading the charge.
Data corroborates this trend. Out of the 1,032 best-funded Fintech companies across the world, only 16 are founded by women.
The Accomplishments
In addition to challenging the bias, women are breaking down barriers in the fintech space. They continue to drive innovation and growth in the Indian economy. Many can be a role model for individuals who want to follow in their footsteps and make a mark in entrepreneurship. Women are no longer at the periphery of business but are making their presence felt in the highest echelons of leadership.
They are great multi-taskers – an innate quality – which helps them create a work life balance. From being homemakers to corporate leaders, women have proven time and again that they are capable of achieving anything they have set their minds to. Recent government initiatives are aimed at empowering women and creating a more inclusive economy continue to support them.
Government initiatives have had a significant impact on women’s entrepreneurship in India. Today, they are at the forefront of India's economic growth story, bringing forth new ideas and solutions to the table.
The Solutions
We must create an enabling environment that supports and encourages women to pursue their entrepreneurial dreams. This environment includes policies that provide access to capital, mentorship, networking opportunities, and programmes that promote entrepreneurship education and training for women.
Empowering women with greater access to resources, digitisation, ensuring convenience to financial services, and promoting financial literacy can narrow the gender gap and create an equitable future for all.
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When women are encouraged, they become agents of change, leading to stronger economies and more vibrant societies.
Uplifting women means giving them the tools they need to make choices and take control of their lives. It means breaking down the barriers that limit their potential and providing them with opportunities to excel.
The success stories of women entrepreneurs in India serve as an inspiration and a beacon of hope for other women who aspire to follow in their footsteps.
On this International Women's Day, let us celebrate the achievements of women entrepreneurs in India, and pledge to work towards creating a more inclusive and supportive ecosystem for women to thrive.
Sources:
As per recent data, of the total entrepreneurs in India, 14 per cent are women.
https://www.deccanherald.com/business/business-news/how-india-can-become-a-hub-for-women-entrepreneurs-1164167.html
Out of the 1,032 best-funded Fintech companies across the world, only 16 are founded by women.
https://bfsi.economictimes.indiatimes.com/news/fintech/how-fintechs-can-bring-more-women-into-leadership-positions/95261734