Let’s start with the story of a 12 year old child bride. She suffered domestic abuse and moved back to Mumbai at the tender age of 16 after she was rescued by her father. She did all sorts of jobs to support her family. That girl grew up to be one of the first women entrepreneurs of India. Do you know who she is? She is Kalpana Saroj, described as the 'original slumdog millionaire'. From working on a daily wage in a garment factory to helming the reign of six companies – Kamani Tubes Limited, Kamani Steel Re-Rolling Mills Pvt Ltd, Saikrupa Sugar Factory Pvt Ltd, Kalpana Builders & Developers, Kalpana Saroj & Associates, and KS Creations Film Production – Kalpana Saroj employs 600 people and the combined turnover of her business empire is estimated at over $112 million annually.
There has been a drastic change in India's culture today and centuries ago. The traditional Indian society has accorded an inferior status to women in the family hierarchy and Women have continued to face gender bias ever since.
Decades after independence have seen some upliftment in the status of women.
While women's development remains a challenge, it is interesting to see women's changing role in the society as women are now aiming to lead development. Women entering business is a significant development in their independence and securing for them a place in the society, which they have all along deserved. Women have begun to explore the glass ceiling issues as their desire for increased flexibility to handle family responsibilities has acted as a possible motivator for them. Women entrepreneurs have the capability to build and maintain long-term relationships. They have more effective communication, organizational and networking skills than their male counterparts. According to the Sixth Economic Census released by the Ministry of Statistics and Programme Implementation, women constitute around 14% of the total entrepreneur base in India i.e. 8.05 million out of the total 58.5 million entrepreneurs.
A 2015 study by McKinsey has shown that with equal participation of women in the economy, India’s GDP can rise by 16-60% by 2025, which means an addition of $2.9 trillion to the Indian economy. Of all leading nations, India has the youngest population in the world with over 50 percent of its total population constituting the working age, according to the National Sample Survey Office.
In conclusion, what the country needs is more women entrepreneurs who can drive the economy ahead and create a series of women-led development. In Getrude Stein’s words, “An entrepreneur is an entrepreneur is an entrepreneur,” and… it should not matter what size, shape, color, or sex the entrepreneur might be.