Rise of Women Entrepreneur in Economic Development of India

As said by Eleanor Roosevelt “A woman is like a tea bag, you never know how strong she is until she gets in hot water”. Women constitute nearly half of the world’s total population. In India also almost fifty per cent of the total population is constituted by women. But women’s participation is seen to be lower in the economic development of the country as compared to man. The main restricting factor for which women in this country could not take active part in economic activities is the traditional mindset which views woman as the homemakers while the role of bread earners is headed by the male counterpart in the family. In India, there is huge potential of women to emerge as contributors to socio economic spheres of the country but still women experience barrier to contribute for the economic development but now with some consistent developments in the Indian startup ecosystem more and more women entrepreneurs have started chasing the entrepreneurial dreams and flourishing in their venture, initiating a range of required changes to the society and economy. The present paper figures out the available existing literature on women entrepreneurship with the help of secondary data and examines it accordingly. This report is another effort in the direction of women contribution towards their entrepreneurial development and how increasing entrepreneur’s number of growth oriented women is trying to support the agenda of advancing women entrepreneurship in India. Empowerment of women in social, economic, political and spiritual spheres is essential for the country to realize its vision of becoming developed nation by 2047.