How to Accelerate Women's Entrepreneurship in India to Build a 5 Trillion Dollar Economy
Dec 26, 2023
Lucknow (Uttar Pradesh) [India], December 26: The Indian government intends to achieve a USD 5 trillion economy by 2025, and women entrepreneurs, especially in the MSME sector, can play a crucial role in achieving this target. Women own around 20% of India's 63 million MSMEs, which employ between 22 and 27 million women and men. Increased economic participation by women boosts GDP and promotes sustainable development, gender equality, and poverty reduction. Estimates suggest that adding 68 million women to the workforce by 2025 could raise India's GDP by USD 700 billion, and including 50% more women in the workforce could boost GDP growth by 1.5 percentage points. Therefore, fostering women's entrepreneurship is imperative to achieve the Indian government's economic goal.