Latest News | Women Form Only 25 Pc of India's Workforce Against 49 Pc Globally: Wadhwani Foundation
Get latest articles and stories on Latest News at LatestLY. Only a quarter of India's workforce is female as against a global average of 49 per cent and the need of the hour is to unlock the untapped potential of women entrepreneurs, the Wadhwani Foundation, a not-for- profit organisation, said on the occasion of Women's Entrepreneurship Day on Thursday.
Kolkata, Nov 19 (PTI) Only a quarter of India's workforce is female as against a global average of 49 per cent and the need of the hour is to unlock the untapped potential of women entrepreneurs, the Wadhwani Foundation, a not-for- profit organisation, said on the occasion of Women's Entrepreneurship Day on Thursday.
It is clear that India's growing entrepreneurial landscape has left behind women and these entrepreneurs should be provided with a support system comprising an integrated policy framework with equal focus on rural India, said the organisation engaged in development of entrepreneurial ecosystem in India and other emerging economies.
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However, "With women comprising just 14 per cent of the total entreprenual base in India, this is India's big chance to tap into the precious resource of women entrepreneurs so as to realise their true potential," Wadhwani Foundation president and CEO Ajay Kela, said in a statement.
"Of the 63 million MSMEs in India, only six per cent are women-led, a criminal waste of talent. Growth driving, business-friendly skills such as relationship building, emotional intelligence, and multitasking are second nature to women," the statement said.
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Leveraging India's vast talent pool of women and not allowing it to be frittered away, especially at a time when businesses are facing a severe talent crunch could be transformational for the Indian economic economy and job creation, it said.
The Wadhwani Foundation was set up by US-based entrepreneur Dr Romesh Wadhwani.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)