Insights-driven Future of Women Entrepreneurship
LEAD’s Udyogini initiative aims to create a curated platform to share lessons and findings from our work on women entrepreneurship, with the intent of building evidence to inform policies and accelerate growth.
The sector’s contribution to GDP and global export market is borne by a small portion of registered (30%) and large-scale enterprises but this contribution has remained unchanged over time.
Moreover, out of the total 63 million enterprises, over 98% are run by solopreneurs and ~70% of the enterprises remain informal and unregistered.
The disparity is starker for women in business
1 in 5
entrepreneurs are women.
and 65.3% of them are ‘homepreneurs’ – running businesses out of their own homes, further invisibilising their contribution and voice in India’s entrepreneurship narrative.
*Includes Salon, Laundry, Housekeeping Services etc.
^Includes jewellery and imitation jewellery manufacturing, musical instruments, sports goods, toys etc.
Low confidence in skills and ability to make decisions, affecting their motivation to start a business
Lack of support from family and friends
Restrictive social and cultural norms, limiting entrepreneurs to traditional, conventional sectors
Poor access to timely finance, due to lack of collateral and credit histories
Lack of business acumen and skills, and limited opportunities for upskilling
Double-burden takes away their time from business
Limited access to relevant market information affecting business performance
Mobility constraints affecting market reach
Limited networking and mentoring opportunities curtailing business growth
Weak access to technology pushing businesses to stay small
Lack of business innovation, limiting opportunities to scale business
Restrictive and complex regulatory procedures that curtail formalisation and growth