How do Women-led Businesses Impact the Indian Economy?
Women-led Businesses in an economy are contributing to GDP growth, employment generation, per capita income, inclusive growth, and women empowerment.
A few years back, it was tough for women to start their business in India due to their challenges, like gender inequality, lack of literacy, poor financial background, and lack of family support.
With time the contribution of women entrepreneurs to India’s economic growth is increasing. And the country’s growth rate in GDP is faster due to women’s participation in the labor force.
Women’s participation in entrepreneurship has led to more inclusive growth, an increase in per capita income, and employment generation.
The improved literacy, easy access to resources, and government initiatives have played a massive role in the increase in women entrepreneurs in the Indian economy.
“A person with the right intent can achieve anything in their life.”
The above statement holds good in the context of Female entrepreneurs like Kiran Majumdar Shaw, Falguni Nayar, Roshni Nadar, and many more who have created an impact in society with their determination and have shown the potential of women and their contribution towards nation building.
In the coming times, women’s participation will increase and shape the future of the Indian economy with transformational GDP growth and employment creation.
Read the full blog published on our website: https://hylo.biz/impact-women-led-businesses-economic-growth/
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