Women entrepreneurship in Indian scenario: Emergence, problems and future prospects

India is the developing country and is going to be a major dominant force in the world's decisions. With the introduction of Liberalisation, Privatisation and Globalisation concept, India has opened its boundaries for the growth of women entrepreneurs. Entrepreneurship is very important for the economic development. Entrepreneurship plays very important role in uplifting the economy. Government of India is providing many facilities to Indian women to come forward and to start new ventures or making progress in the existing businesses.Woman entrepreneurs tend to be highly self-motivated and self-directed. They have a high internal locus of control and urge for achievement. Researchers found that women business owners possess certain specific characteristics that promote their creativity and generate new ideas and ways of doing things.Government is taking efforts to provide equality of opportunity in all spheres to the Indian women and laws guaranteed equal rights of participation in political process and equal opportunities and rights in education and employment were enacted. Women entrepreneurs need to be stronger to meet the changes in trends, challenges global markets and also are competent enough to sustain and strive for excellence. The present study will not only prove helpful in understanding the problems faced by women entrepreneurs but will also mention the importance of women entrepreneurs in developing the nation. The paper will help the people to know various positive aspects of women entrepreneurship and helpful for various agencies to formulate plans and policies to boost the women entrepreneurship in India which will make the India a critical force in global economy.