Over the past few years, India has record growth in women entrepreneurship and more women are pursuing their career in this direction.
At a global level, about 126 million women have started or are running their businesses and whereas in India, there are about 8 million women have started or are running their businesses.
Apart from that, women have 24% share in corporate senior management positions and in India it’s 30% for the same.
Not only that, round about 37% of formal enterprises owned by women around the globe whereas 10% of formal enterprises in India are being operated by women.
Reasons for the rise of women entrepreneurs:
– Overall changing perception of entrepreneurship
– Better access of education
– Increasing social acceptance of women entrepreneurship
– Better infrastructure, especially in technology
– Better access to finance
– Rise of Role Models
Even though the growth rate is exponential, still, there are some challenges like access to technical and financial assistance, pro-gender policies, family responsibilities, lack of e-service options and competition from the male-dominated sector, which needs to bring under control.
Sharing an interesting infographic from Suyati.