19 April2021EMPLOYMENT GENERATIONOfcourse, with an increase in entrepreneurship comes the associated increase in employment. Provided with the right opportunities, women can be the key drivers behind India's economic growth. Currently, there is a tendency for womenfolk to go chasing after employment rather than creating opportunities and being a successful entrepreneur (admittedly, comes with several challenges). In India, approximately one in every 15 people looking and capable for employment is unemployed as of Jan 2021, and with more employment opportunities, comes more production, more spending, and increased economic growth in extension. If you think women entrepreneurs' impact in the economy is limited to just these 4 factors, think again. There are other socio-economic impacts, including a decrease in regional disparity, innovation in the workplace, credit and currency stimulation, etc. Of course, this article is based just on the economic standpoint, as empowering women should be considered as the right thing to do more than anything else. However, opportunities and finance continue to elude women over the years. Not to fault our country or the government, which currently has over 27 schemes in place, but this is in no way enough to empower women and correct centuries of oppression. Chauvinism, sexism and patriarchy continue to be common themes in India, and education of future generations to rid the society from these moral evils becomes necessary. Despite these challenges, successful women entrepreneurs do exist, and continue to act as an inspiration to the future generation. To quote the former United States of America's first lady, Michelle Obama, "No country can ever truly flourish if it stifles the potential of its women and deprives itself of the contributions of half of its citizens." ACCORDING TO THE SIXTH ECONOMIC CENSUS, A STAGGERING 79 PERCENT OF WOMEN-RUN BUSINESSES ARE SELF-FINANCEDSHRUTI AGGARWAL, CO-FOUNDER
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