Women Entrepreneurs in 2024
As we approach 2024, a transformative wave is sweeping through India’s startup landscape, heralded by the rise of women entrepreneurs. The recent WISER report highlights a significant uptick in women-led startups, now accounting for 18% of India’s burgeoning startup ecosystem. This growth is not just in numbers; it reflects a deeper change. Women are not only challenging societal norms but are also crafting innovative solutions and steering their companies towards profitability and beyond.
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May 30, 2024
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India’s startup ecosystem, already the third-largest globally, is witnessing a remarkable shift as women entrepreneurs begin to claim their rightful place. Representing 14% of the entrepreneurial force, these 8.05 million women are making their mark, with their businesses contributing over 20% to the MSME sector. The impact is clear: companies with strong female leadership are outperforming their counterparts, boasting returns on equity that are significantly higher.
The year 2024 is poised to be a milestone for women in business4. With societal attitudes evolving and technology advancing, women entrepreneurs are set to redefine the business world. Financial services are adapting to better serve these trailblazers, and it’s imperative that discrimination in lending is eradicated. The private sector, too, is stepping up, with giants like Tata Communications and Google India launching initiatives to educate and mentor millions of women entrepreneurs.
Conclusion
- Rising Stars: Women-led startups in India have grown to 18% between 2017 and 2021.
- Economic Impact: Women entrepreneurs are driving higher revenues and returns, with 14% of them leading the charge in the startup ecosystem.
- 2024: A Pivotal Year: With societal and technological support, women are set to revolutionize the entrepreneurial landscape.
- Supportive Measures: Eliminating financial discrimination and fostering private sector initiatives are key to empowering women entrepreneurs.
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