Sunday, May 9, 2021
Home India Women Entrepreneurship Can Uplift The State of Employment in India, Also Generate...

Women Entrepreneurship Can Uplift The State of Employment in India, Also Generate 150-170mn Jobs

Of all women-owned enterprises, a majority are single person enterprises, with the largest group represented by rural non-farm home-based business owners

Women in entrepreneurship can generate transformational employment in India and generate 150-170 million jobs, which is more than 25 per cent of the new jobs required for the entire working age population by 2030, a new report said on Tuesday.

A joint report by Bain & Company and Google titled “Women Entrepreneurship in India – Powering the economy with her”, underlines the need to accelerate efforts to grow women entrepreneurs in India in both quantity and quality to solve employment challenges in the country.

“In spite of India’s economic progress in the last decade, women’s participation in the labour force has declined and is expected to be under pressure due to labour trends, technological disruption and constraining social barriers,” said lead author Megha Chawla, Partner, Bain & Company.

“Unlocking entrepreneurship amongst women in India is a complex effort, but it provides an unprecedented opportunity to change the economic and social trajectory of India and its women for generations to come,” Chawla added. “This will drive tremendous job creation and also deliver transformational social and personal outcomes for women,” she added.

The report identified six dominant segments of women entrepreneurs and estimates India to have 13.5-15.7 million women-owned enterprises, representing approximately 20 per cent of all enterprises today. In many cases, women are named as owners for financial and administrative reasons with no active role to play, which overstates true entrepreneurship amongst women.

Of all women-owned enterprises, a majority are single person enterprises, with the largest group represented by rural non-farm home-based business owners at 38 per cent, followed by urban self-employed women solopreneurs at 31 per cent, who usually work from home.

According to the study, the other dominant segments include rural agripreneurs who are farm-based business owners at 18 per cent and small business owners at 14 per cent – split across urban (6 per cent) and rural (8 per cent) – employing less than 10 employees and contributing most to employment generation.

Finally, there are the scalers, who employ more than 10 people and account for less than one per cent. In total, these women entrepreneurs provide direct employment to an estimated 22 to 27 million people today. The report projects an opportunity to accelerate both quantity and quality of entrepreneurship to create over 30 million women-owned enterprises out of which 12 million can generate employment.

Jobs
Women in entrepreneurship can generate transformational employment in India and generate 150-170 million jobs, which is more than 25 per cent of the new jobs required for the entire working age population by 2030, a new report said on Tuesday. Pixabay

“At Google we have been investing in scaled skilling efforts across SMBs, Startups and overcoming the digital gender gap in the country through the Internet Saathi program. Across all our programs, we have seen that women are hungry for opportunities to grow their household incomes,” said Sapna Chadha, Senior Country Marketing Director, Google India and Southeast Asia.

“Hundreds of women in rural India want to learn more about doing business and many have already made the start to enhance their livelihoods. We are already running a pilot accelerator program for rural entrepreneurs from our Internet Saathi network,” Chadha added.

ALSO READ: Microsoft Unifies Key Ms-Office Apps For Android Users Across The Globe

According to Chadha, this joint effort report with Bain is a start to better understand the barriers facing the various types of women entrepreneurs across India and find synergies with like-minded companies and the government to accelerate women entrepreneurship in the country. (IANS)

STAY CONNECTED

19,511FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

Covid-19 May Cause Long-Lasting Harm To Heart: Doctors

A large number of recovered patients from Covid-19 have encountered heart problems and even patients with existing heart problems have felt its effects. The...

Make Your Mom Feel Extra Special With These Gifts

Thinking about what to get your mum for Mother's Day? Check out our compilation of ideas which makes for the perfect gift for mums...

Research Reveals Why Some Patients May Test Positive For Covid-19 After Recovery

Some virus RNA can be reverse transcribed and inserted into the human genome, finds a new study, which may explain why some people who...

Life In The Clock Tower Valley: Spelling Life In Kashmir Valley

Even as another book 'Life in the Clock Tower Valley' emerges from Kashmir, its author, Shakoor Rather says that while many past books have...

Lakshmi Devy: The Doctor-Turned-Filmmaker Is Winning Laurels In US

 Dr. Lakshmi Devy, a doctor by profession has always been passionate about acting and filmmaking and her dreams have come true after she won...

The Practice of Discretion Will Help You Achieve Success

We live in an age where 'innocence is bliss' no more and the call for being discreet but decisive guides every step of the...

The Govt Should Encourage The Use Of Clean Fuels

With the government imposing a green tax on old polluting vehicles, the Indian Auto LPG Coalition (IAC) is advocating the need for this deterrent...

1 Out Of 9 Adults Struggled With Mental Health Amid Pandemic

One in every nine adults consistently had very poor or deteriorating mental health during the first six months of the Covid-19 pandemic, according to...

Recent Comments