There is a quiet revolution on among women entrepreneurs in India: they are charting a course of success that is ahead of the developed West.
According to a study commissioned by computer-maker Dell, the ideal country to be in if you are a woman looking to start a business in 2012 is India, and not the US or UK.
The study, which surveyed 450 women across different countries, found that 71% of Indian women entrepreneurs are running successful businesses, compared to 46% in US and 24% in UK. “With increasing opportunities presented by the Indian business environment, our conversations with these entrepreneurs tell us that they are looking to scale up their business and often have global aspirations,” said Vikas Bhonsle, GM (medium business), Dell India. “Eight out of 10 female entrepreneurs are hiring here,” he said.
Indian women are technologically uptodate, the study said; 74% said their technology needs are getting more complex, against 51% in UK and US. Multitasking was another area in which Indian women led: 90% of Indian female entrepreneurs started their business while maintaining a day job. In the US, this was 68%, and 47% in the UK.
Social responsibility was another area in which they topped: 80% of Indian women entrepreneurs feel their business should have a positive impact on the society, against a mere 21% in the UK and 50% in the US.