Lakhs of women to start own business by 2025; these two sectors key to India’s entrepreneurship boom

December 7, 2020December 10, 2020 EIRI Team

Women entrepreneurs are increasing in large numbers over recent years in order to earn more money. The trend may change in 2025 and many women like to start their own business or company. In fact, the Indian markets will provide job opportunities for women to generate more revenues. Although there are several sectors which offer employment for women, a report says that only two sectors will contribute more in women’s entrepreneurship boom to a large extent. The Indian government recently initiated some policies in order to encourage entrepreneurial women. This will shape India’s economy effectively.

Two major sectors that will increase women’s entrepreneurship

A recent study reveals that education and food sectors are likely to increase women’s entrepreneurship in 2025. This is because they offer different types of models for women to launch them in the markets. Moreover, two sectors will help women entrepreneurs to focus on their objectives with high attention. They are emerging as the top sectors that will increase the employment significantly. Another thing is that they will generate high revenues in coming years. The food sector has the potential to create more women entrepreneurs followed by education sector.

What are the steps taken by Indian government?

The Indian government introduced some schemes for women in order to support them. This will boost the economy in future markets that can take India to next levels. At the same time, the numbers of women-run ventures are very small because they only account 11% of total business owners. Some of the key interventions suggested by women entrepreneurship program include mind set, skills, financial support, and guidance. It will help improve India’s economy efficiently that allow women to focus more on their objectives.

Challenges involved in women entrepreneurship

Unlike other sectors, women entrepreneurs also face some challenges in education and food sectors. Some of them include financing, lack of organizational set-up, limited mobility, family problems, social issues, etc. Women who want to start an organization should seek support from experts for gaining more ideas. This, in turn, gives ways to plan everything properly that help to run a business or company without any hassles. Besides that, the women entrepreneurship program will help increase the job opportunities and other things in the markets efficiently. It is advisable to know more about the program in detail before starting a business in the markets. Women entrepreneurs in 2020 will play a key role in developing the economy of India with high success rates.