HOW WOMEN'S PARTICIPATION IN BUSINESS INFLUENCES THE ECONOMY | EXPLAINED
Women around the world play a pivotal role in maintaining the stability and prosperity of their families. Every task they take on and every piece of work they complete is nuanced and requires great skills. However, when it comes to entrepreneurship, business endeavours have, for years, been associated with men, thereby limiting women's opportunities to showcase their abilities.
Nishtha Yogesh, Founder and CEO, Hunar online course, has shared how, despite facing numerous challenges, such as poor access to capital and fewer opportunities for skill development, the resilience and determination of women is today helping change attitudes towards women in business.
WOMEN'S RISING PARTICIPATION IN BUSINESS
The presence of women entrepreneurs is rapidly expanding, and their invaluable contributions must not be underestimated. These pioneering women now occupy a pivotal position within the Indian economy, actively driving job creation, fuelling economic growth, and nurturing widespread prosperity in many fields, such as education, e-commerce, consumer products, healthcare and technology and much more.
DIVERSITY IN LEADERSHIP
Women today are making their presence felt and valued in all corporate leadership positions. Their superior leadership abilities, collaboration skills, and ability to deliver higher levels of productivity amongst many other skills, have steadily contributed to their growth and presence in the workforce.
According to a study, equal work opportunities have the potential to contribute to a substantial 18 percent increase in India's GDP by 2025. Presently, women constitute only 22 percent of India's GDP, a figure significantly lower than the global average of 45 percent. These statistics underscore the idea that women's participation in business isn't just a matter of representation; it is a recipe for economic success.
CHALLENGES FOR WOMEN IN BUSINESS
While the rise of women in business is a positive trend, it's essential to acknowledge the challenges women still face in this domain. Gender bias, unequal access to funding, and a lack of representation in certain industries persist as barriers. However, these challenges are being met with resilience and determination since the economic implications extend to job creation and nation building.
USHERING IN A BRIGHTER ECONOMIC FUTURE
The rising number of women entrepreneurs and investors augurs well for a brighter economic future. From entrepreneurship to investment and corporate leadership, women are not only making their presence felt but also driving positive change. Their unique perspectives, commitment to sustainability, and ability to foster innovation are invaluable assets that benefit us all.
2023-12-11T08:38:24Z dg43tfdfdgfd