In today’s rapidly evolving business landscape, women entrepreneurs are emerging as a driving force, reshaping industries and challenging traditional norms. Women own approximately 20% of the 63 million micro, small, and medium enterprises (MSMEs) in India and are responsible for employing a substantial number of people, with estimates ranging from 22 to 27 million. Additionally, it is estimated that over 30 million more women-owned businesses are expected to provide 150–170 million jobs by 2030.
The digital era has ushered in a level playing field for women entrepreneurs, transforming business opportunities not only in metropolitan areas but also in tier 2 and 3 cities. This digital revolution offers flexibility and national market access to MSMEs, fostering increased incomes, innovation, and entrepreneurial spirit. Successful women entrepreneurs become catalysts for change within their communities, serving as role models and inspiring a new generation of women entrepreneurs, thereby creating a virtuous cycle of increased workforce participation and economic resilience.
Despite these strides, limited resources and capacity constraints have hampered women-owned businesses from fully harnessing the transformative power of modern technologies. To bridge this gap and foster the digitalization of female entrepreneurship, effective strategies are imperative. Here are four innovative approaches to expedite this process:
Financial literacy is crucial in India, and there is huge gap in this literacy rate…
The overflow of man-made intelligence devices accessible in the present carefully determined world can bring…
Did you know that although India generates a remarkable 20% of the world's data, its…
Financial planning serves as the cornerstone of a secure and prosperous future. It entails crafting…
Elastic , the Search AI Company, announced Search AI will replace the traditional SIEM with…
As of FY23-24, India's technology industry employed 5.39 million individuals, a testament to its significant…