India Ranks 'Very Low' In Women Entrepreneurship
On a day when ‘Digital India’ project begins as an initiative to foster digital businesses, a new scorecard from Dell shows a startling fact on the wide gender gap that is limiting economic potential of women entrepreneurs in the country. When it comes to opportunities for women to start entrepreneurial initiatives, India is placed in the “bottom three” among 31 countries as lack of equal rights hinder their opportunities, says the report.
The 2015 scorecard that evaluates 31 countries, ranked India at the 29th position, followed by Pakistan (30th) and Bangladesh (31st). The United States topped the list due to predominantly favourable business environment and women’s job mobility in the private sector registering an overall score 71 percent. Sweden and the UK made to the top five positions with 68 percent and 65 percent, respectively.
According to the report, in India only 4 percent of Chief Executive Officers (CEOs) are women, while one in 10 board members are female and in case of senior management, the figure stood at around 15 percent.
“In India, few women see opportunities or have the skills and are hindered by lack of equal rights, access to education and the Internet,” it said.
The report also noted a wide disparity among countries when it comes to access to fundamental resources such as education, internet, bank accounts and Small and Medium Enterprise (SME) training programs. More than 70 per cent of the 31 countries in the study score below 50 percent demonstrating a significant growth gap between female and male-owned businesses worldwide, it revealed.
Interestingly, only four countries, China, Brazil, Malaysia, Nigeria, report women holding 5 per cent of the CEO positions of the largest publicly-traded companies, while in just three countries, Poland, Jamaica and Russia, women make up 35 per cent or more of senior management.
“The success of entrepreneurs and small businesses is critical for a thriving global economy, and at Dell we believe women entrepreneurs must play a much more prominent role in business and leadership in the future,” said Karen Quintos, senior vice president and chief marketing officer, Dell.
As part of Dell’s initiative to support women entrepreneurs, Dell is partnering with the Cherie Blair Foundation for Women to match emerging female entrepreneurs in developing economies with mentors from the #DWEN network and Dell team members to help their businesses grow and thrive.
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