Citation:

Adriza Bhaumik. "Women and the Indian Entrepreneurial Boom: An Analysis" International Research Journal of Economics and Management Studies, Vol. 3, No. 2, pp. 124-131, 2024.

Abstract:

With the number of recognized startups increasing to 84,012 in 2022, up from 452 in 2016, India has established itself as an entrepreneurial powerhouse. According to the Economic Survey 2022-23, in 2022 alone, homegrown startups generated 2.69 lakh jobs in the country, up 35.8% from 1.98 lakh jobs created in the previous year (2021). With such significant numbers, the Indian startup ecosystem is a potential key to better, more equal gender dynamics. This paper aims at a comprehensive analysis of the contribution of women to India's entrepreneurial boom with close relation to the findings from the reports "GEM 2021/22 Women's Entrepreneurship Report: From Crisis to Opportunity" "GEM 2022/23 Women's Entrepreneurship Report: Challenging Bias and Stereotypes" by the Global Entrepreneurship Monitor and "Women in India's Startup Ecosystem Report (WISER)" led by the non-profit organization ACT For Women, in collaboration with The Udaiti Foundation, and partnered with McKinsey and LEAD at Korea University. Through this paper, the author wishes to highlight the trends of gender parity in the country's startup sector, call attention to the practices that have created a positive impact in narrowing the gender gap, and acknowledge the shortcomings present in the system.

References:

[1] (Schumpeter 1934; Acs and Audretsch 1988; Wennekers and Thurik 1999; Baumöl 2002).
[2] Office Memorandum, Expenditure Department, The Department for Promotion of Industry and Internal Trade (DPIIT), February 19, 2019.
[3] Inc42's "The Ecosystem" report., 2023
[4] GEM 2021/22 Women's Entrepreneurship Report. Pg.16
[5] GEM 2021/22 Women's Entrepreneurship Report. Pg 40
[6] GEM 2021/22 Women's Entrepreneurship Report. Pg 41
[7] GEM 2021/22 Women's Entrepreneurship Report. Pg 50
[8] GEM 2021/22 Women's Entrepreneurship Report. Pg 53
[9] GEM 2021/22 Women's Entrepreneurship Report. Pg 68
[10] GEM 2021/22 Women's Entrepreneurship Report. Pg 37
[11] GEM 2021/22 Women's Entrepreneurship Report. Pg 69
[12] GEM 2021/22 Women's Entrepreneurship Report. Pg 70
[13] GEM 2022/23 Women's Entrepreneurship Report. Pg 70
[14] GEM 2022/23 Women's Entrepreneurship Report. Pg 67
[15] GEM 2022/23 Women's Entrepreneurship Report. Pg 55
[16] ACT For Women's estimation basis Strideone report
[17] McKinsey analysis; WISER survey
[18] WISER survey
[19] NASSCOM Rising Above Uncertainty Report
[20] Women CEO/MDs across NSE publicly listed organizations
[21] Women's representation across top 100 corporates, BCWI Yearbook 2022
[22] Top 10% of startups in terms of women's representation across all aspects, including overall workforce, senior leadership positions, and functional areas
[23] LinkedIn survey, 2023 8
[24] CFA survey – Mind the Gender Gap, 2023
[25] GEM 2021/22 Women's Entrepreneurship Report. Pg 17
[26] GEM 2022/23 Women's Entrepreneurship Report. Pg 17
[27] Adapted from Summary of annual Five year plans of India retrieved from http://planningcommission.nic.inplans/annualplan/index.plate=aplsbody.htm>
[28] Sourced from https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1941361

Keywords:

Entrepreneurs, Gender, India, Startup, Women.