Wednesday 23 November 2016

INDIA’S NEED FOR GREATER WOMAN ENTREPRENEURSHIP


Are you a woman who’s tired of hearing the annoying “Pammi Aunty” next door ceaselessly suggesting to your parents, “Ab toh ladki badi ho gayi… Ladka dhundhna shuru kar do”, while the only plans you presently have for the future are those of staying independent on your own hard- earned money?
If so, we have a little inspiration for you to keep your ambitions upright, coupled with facts that will make you feel why dreams like yours do not need to end within societal boundaries; why the country needs women like you to come forward and be a strong individual, rather than a submissive bahu.


       To begin with a positive note and a high dose of inspiration, no one would have realized that having a penchant for tea and an acquired knowledge of spices could get one in the limelight until 26 year old Indian- Australian lawyer UppmaVirdi won the “Businesswoman of the year” award in Australia for her tea- business named “Chai Walli”. Citing another example, who would have thought that a woman’s outrage and frustration over the society’s tabooed idea of menstruation could compel her to build a website that aids women through “that time of the month” and busts the ignorant myths that revolve around menstruation. But Aditi Gupta, a girl from Garhwa (Jharkhand) did exactly that.

Talking about the statistics though, any enthusiast for women empowerment in India would light up at the fact that about 30 % of the corporate senior management positions in the country are held by women, which apparently happens to be higher than the global average of 24%, according to Forbes India. But what would seem discerning is that when overall workforce in terms of gender gap is taken into consideration, India sits at an embarrassing 113th position- out of 135 nations. To add to this woe, only 10 per cent of women contribute towards the total number of entrepreneurs in the country.
Factors that account for such sorry state of women entrepreneurship in India are obvious and are something that most of us are already familiar with. It is apparent that the Indian society has traditionally been patriarchal in its approach, creating barriers and restrictions to the development of the feminine population by setting up societal norms, crude and devoid of logic for the fair sex. Although, over the years the society has evolved into a sensible one, but only to a certain extent, as imprudent stereotypes still exist deep within its roots, patronizing women to not venture into the realms of business and corporate sophistication. Owing to this, many women have accepted their fate of dreamless living and surviving without unique and promising ambitions, never allowing the seed of an idea to even grow in their potential minds. Another factor that contributes to the poor statistics mentioned earlier is the lack of mentors and role models for the Indian women who can possibly come up with a great business venture. The reason for this could possibly be the low numbers of woman- owned businesses to start out with.

Having said this, it also becomes important to know why India needs more women entrepreneurs. First, it would do a great amount of good to the national economy. Second, it would do an equal amount of good to our nation’s contribution to the global economy. Third, because women cancarry out business.Period. In support of the last argument, I have here some statistics that show thatfor start-ups with more female executives, there is a higher success-to-failure rate. 





Moreover, as put forward in Forbes India, “women control the vast majority of household spending… and are more likely to better understand customer perspective.” They are also more careful about taking risks, and don’t generally give way to knee- jerk financial and business decisions that could prove dangerous for their own business.


Also, when it comes to India’s women making it to top managerial positions, we have names like IndraNooyi , CFO and President of Pepsico; Indu Jain, chairperson of India’s largest media group, Bennett, Coleman & Co. Ltd; KiranMazumdar Shaw, founder Chairman and Managing Director (CMD) of Biocon Limited. All of these women started somewhere, and perhaps their circumstances would have been as rigid and restrictive as those of an average girl in this country. What made them stand apart was a strong will to move beyond a mere shout for equality; they believed in doing something unique to win the equality and non- discriminative treatment every woman deserves, and somewhere in their endeavours they made it clear that women can undoubtedly run the world.

And... If you're a woman entrepreneur, waiting for an opportunity to take the next step, well, guess what! -->   

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