Challenges and future prospects of women entrepreneurship in India: An analysis

Entrepreneurship comes under the umbrella of business regime which plays a vital role in the development of the country and its economy by setting up of organizations, may be small or large in size. Every Nation aims at accomplishing the economic development for better life, higher standard of living and prosperity of its population. The concept of development has multiple dimensions and women entrepreneurship is considered as most important dimension of the development as women constitute approximately half of the Nation's population. Hence, no country can ever think of development without involving the women in its economic activities. Women entrepreneurship is the process where women organize all the factors of production, undertake risks, and provide employment to the others. Women not only play an important role in the development of the country but provide economic support to the families. In Modern India, Women are leading the business enterprises or the industry, organizing the ways of productive working by generating employment opportunities. Thus, giving true meaning to the concept of women entrepreneurship, by coming out of the four walls of their house where they were managing only domestic chores. Women across India have taken up to entrepreneurship to be economically independent but the road to this transformation from being homemakers to business managers is not that smooth. Considering the importance of women entrepreneurship, the present study endeavors to analyze the challenges and future prospects of women entrepreneurs in India. The study will culminate by suggesting some ways and means to reduce and eliminate the hurdles in the way of Women Entrepreneurship.