# A World Bank report of 2022 says India can grow in double digits if more women are encouraged to participate in the product line of the economy
# Women entrepreneurs have the potential to add 18% to India’s GDP, as per a recent study
# Women entrepreneurs can create 150 to 170 million jobs in India by 2030
Bangalore, November 18, 2022: Women’s Entrepreneurship Day, observed globally on November 19th, celebrates the accomplishments of women entrepreneurs around the world and strives to inspire more and more women into the entrepreneurship fold.
Women entrepreneurship is on the rise all over the world, making a positive impact on society, achieving financial independence, and changing the socio-economic status quo. While there are challenges that come with being a woman entrepreneur, such as finding funding, family support, lack of role models and mobility constraints, there are also many opportunities available.
Commenting on Women’s Entrepreneurship Day 2022, Sanjay Shah, Chief Operating Officer – India/SE Asia, Wadhwani Foundation, said, “Women have always been the backbone of our society, but they are often underestimated in the business world. Though women face innumerable challenges in the entrepreneurial journey, they have always come out victorious. Women's entrepreneurship develops the business environment and plays a pivotal role in creating a cascading effect for other women, thereby boosting the economy. With the increasing participation of the women workforce, India has the potential to add $700 billion to the global GDP and create an estimated 150 to 170 million jobs by 2030. On this Women’s Entrepreneurship Day, let’s celebrate the difference women make as entrepreneurs and as catalysts of change towards gender equality and economic development by pledging resources and support to achieve their entrepreneurial dreams.”
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