Women Entrepreneurs in Globalized India: Challenges, Growth and Policy Initiatives

Abstract

Entrepreneurship plays an important role in economic development. Higher the entrepreneurial activities, higher will be the economic growth of that economy. The myth, that entrepreneurs are born has been busted. It is now well recognized, that entrepreneurship can be inculcated and nurtured though appropriate policy interventions.

The Globalization in India has created vast opportunities. The IT, BT and communication revolution has created enormous opportunities. This can be better utilized by the capable and skilled Entrepreneurship. Hence it has boosted and ignited the interest in Entrepreneurship. The enormous potential in women Entrepreneur has been recognized by many economies including India. Many policy initiatives has been undertaken to tap the potential women Entrepreneurship. Women Entrepreneur professional vision transcends genders. For many areas in business, they can provide different solutions to management, organization and business problems. Women Entrepreneur can create new jobs in their enterprise by blending humane and professional approach.