Networking is a huge part of the business world, and here, even successful women have complained about being kept out of the men’s club(SHUTTERSTOCK)
Networking is a huge part of the business world, and here, even successful women have complained about being kept out of the men’s club(SHUTTERSTOCK)

Gender biases restrict women entrepreneurs

The statistics are not encouraging. Women entrepreneurs, according to a study, made up a mere 13.76% of the total number of entrepreneurs. This puts India at 52nd of 57 countries in the Index of Women Entrepreneurs
By Lalita Panicker | Hindustan Times
UPDATED ON NOV 23, 2019 07:03 PM IST

It is no secret that the majority of start-ups in India have been set up by men. But this does not mean that women don’t aspire to entrepreneurship. It is just that it is far more difficult for women to make a go of it because they face so many more hurdles — from domestic restrictions to lack of resources and training — than men do . This is hurting the economy as IMF studies show that closing the gender gap could mean a 6.8% gain in GDP. More than economic figures, it means that women’s potential is being frittered away.

The statistics are not encouraging. Women entrepreneurs, according to a study, made up a mere 13.76% of the total number of entrepreneurs. This puts India at 52nd of 57 countries in the Index of Women Entrepreneurs. Across the labour force, women are not getting the opportunities they should. Such opportunities are fewer when they want to strike out on their own. Last year, the participation of women in the work force was just 26% with merely 9% being in any kind of leadership position.

Unless well-educated, women suffer from the handicap of not understanding the laws regarding business. They are unable to find the tools to get funding or hire the right people. It is not that women lack the drive or enthusiasm to start businesses. But subtle gender biases hold them back when it comes to even securing loans. They often don’t know how to pitch their businesses or what works best in order to secure loans. Despite all the strides made in women’s rights, business is still seen as a male preserve (we have often heard that men are much better with numbers than women). This belief makes it more difficult for women to get male partners in business or deal with their peers. Even successful women entrepreneurs have spoken of lacking the confidence they should have when dealing in a male-dominated business environment. If the formal workplace is not kind to women, the world of entrepreneurship is even less so.

Apart from the lack of confidence and perhaps inadequate knowledge of how to navigate the world of entrepreneurship, women are held back by the fact they often have no collateral in the form of property or money to call their own. Family finances, which are often not a problem when it comes to funding a man, are not as forthcoming when the aspirational entrepreneur is a woman.

Networking is a huge part of the business world, and here, even successful women have complained about being kept out of the men’s club. Societal norms also make it more difficult for women to network as easily as men, since they will often have to combine their business venture with their roles as mothers and wives, or caregivers for other older family members. We often hear it being said with approval about men, that they are workaholics who rarely see their families. This is not always an option for women and their businesses suffer on account of their being absent from networking opportunities. A woman who has family support to take care of her children while she pursues her entrepreneurial ambitions is considered lucky. Many women are not so lucky in that they don’t have the resources to manage childcare and care for parents, which means that they cannot achieve their full potential.

Finally, there is the issue of safety that all women travelling outside their homes on work or business have to face. If a woman has to succeed in a business, she cannot be worrying about what time she should get home in order to be safe and how she will do so. Families are not supportive of women working late, out of town or even with male colleagues and these are just some of the hurdles that they have to address before devoting themselves to making their business work. Mobility, which should be taken for granted, is actually a huge impediment for many women, especially if their work place is some distance from home.

Despite all this, there are so many heartening examples of women doing well in business from the village level and above. Imagine the difference if they had better access to education and progressive policies to push them into the workforce and into leadership roles. Better access to finance and networks as well as public safety could be a game changer for women entrepreneurs. If there was a more concerted political push for women starting their own businesses, it would make a huge difference. We would then be one step closer to that five trillion dollar economy.

lalita.panicker@hindustantimes.com

SHARE THIS ARTICLE ON
Close
It takes courage to push a conversation that evokes almost zero public sympathy in an audience that is inclined to believe that consent has no place on the marital bed(Shutterstock)
It takes courage to push a conversation that evokes almost zero public sympathy in an audience that is inclined to believe that consent has no place on the marital bed(Shutterstock)

The conversation India refuses to have

By Namita Bhandare
UPDATED ON JAN 08, 2021 08:01 PM IST
In the past few years, India has broken traditional silences on sexual abuse, on consent, and on the rights of sexual minorities. It’s time to break another traditional silence
Close
What other, newer democracies find relatively easy — conducting an election, the counting of votes, the peaceful transition of power — seems to have befuddled the US. There can be and must not be any normalisation of gross prejudice or violence(AP)
What other, newer democracies find relatively easy — conducting an election, the counting of votes, the peaceful transition of power — seems to have befuddled the US. There can be and must not be any normalisation of gross prejudice or violence(AP)

After anarchy in the US, reimagining the middle ground

UPDATED ON JAN 08, 2021 07:53 PM IST
Governments have to learn how to engage with those who did not vote for them. Citizens have to learn how to converse amidst ideological divisions
Close
Mohammed Siraj led India’s breakthrough in the ongoing tour of Australia. But he grew up playing tennis ball cricket and first held a real cricket ball only five years ago.(Getty Images)
Mohammed Siraj led India’s breakthrough in the ongoing tour of Australia. But he grew up playing tennis ball cricket and first held a real cricket ball only five years ago.(Getty Images)

The secret weapons of a fast-bowling nation

By Rudraneil Sengupta | Hindustan Times
UPDATED ON JAN 08, 2021 03:31 PM IST
Surprise finds are making their mark in the India bowling line-up, but they aren’t coming up through the system.
Close
A New York street in the 1920s. Just two decades earlier, in the age of horse-drawn vehicles, people had feared their cities would be buried in manure. Then the internal combustion engine took horses off the streets altogether, a shift often used to illustrate the unpredict-able fallouts of new tech.(Shutterstock)
A New York street in the 1920s. Just two decades earlier, in the age of horse-drawn vehicles, people had feared their cities would be buried in manure. Then the internal combustion engine took horses off the streets altogether, a shift often used to illustrate the unpredict-able fallouts of new tech.(Shutterstock)

The horseshit paradox: Why fears about tech are wildly exaggerated

By Charles Assisi | Hindustan Times
UPDATED ON JAN 08, 2021 03:11 PM IST
Our world runs on complexity. And no machine we have created — or look likely to create — can truly navigate that complexity by itself, says Charles Assisi.
Close
It is no surprise that all kinds of protests are being seen in many parts of the world at the moment(SHUTTERSTOCK)
It is no surprise that all kinds of protests are being seen in many parts of the world at the moment(SHUTTERSTOCK)

This decade will be decisive for democracy, capitalism

By Shashi Shekhar
UPDATED ON JAN 03, 2021 10:07 PM IST
There is another fact which needs attention. Human civilisation has always discovered new light in the darkest days of crisis. With this hope, let us welcome this new decade.
Close
A vibrant corporate capitalist base also leads to additional revenues for the State — which, in turn, can be used for greater welfare for the marginalised and creating a more level-playing field in terms of opportunities(Sonu Mehta/HT PHOTO)
A vibrant corporate capitalist base also leads to additional revenues for the State — which, in turn, can be used for greater welfare for the marginalised and creating a more level-playing field in terms of opportunities(Sonu Mehta/HT PHOTO)

In defence of reformed capitalism

PUBLISHED ON JAN 02, 2021 07:05 PM IST
Targeting corporate capitalism won’t help. It is essential for growth and democracy. Focus on reforming it.
Close
A health worker prepares a syringe to inoculate a volunteer with a Covid-19 vaccine, Lima, December 9, 2020(AFP)
A health worker prepares a syringe to inoculate a volunteer with a Covid-19 vaccine, Lima, December 9, 2020(AFP)

A robust public broadcaster can guard against anti-vaccine rumours

By Mark Tully
PUBLISHED ON JAN 02, 2021 07:02 PM IST
There seems no reason to doubt that a large number of Indians are, to say the least, undiscriminating in the source of news they chose to watch. This will make them liable to fall prey to false information which can undermine the vaccination campaign.
Close
The silence and loneliness of being on my own is no longer intimidating. In fact - and I know that sounds a little perverse – I’ve enjoyed it. So this morning I feel I don’t want to lose it. At least, not completely.(HTPHOTO)
The silence and loneliness of being on my own is no longer intimidating. In fact - and I know that sounds a little perverse – I’ve enjoyed it. So this morning I feel I don’t want to lose it. At least, not completely.(HTPHOTO)

Goodbye to all that? I’m not so sure

UPDATED ON JAN 02, 2021 06:55 PM IST
The honest truth – and you’ve probably guessed it by now – is that I’m going into 2021 with a little trepidation or, if that’s too strong a word, more than a touch of hesitation.
Close
n many ways, Modi’s economic vision resembles that of the United Kingdom prime minister Margaret Thatcher and the United States President Ronald Reagan. Both faced an avalanche of opposition to their push for economic reforms(PTI)
n many ways, Modi’s economic vision resembles that of the United Kingdom prime minister Margaret Thatcher and the United States President Ronald Reagan. Both faced an avalanche of opposition to their push for economic reforms(PTI)

Farm stir: Latest attempt to stop Modi’s reforms

By Baijayant ‘Jay’ Panda
PUBLISHED ON JAN 01, 2021 08:06 PM IST
The Opposition may continue to denigrate him, but millions see in the PM a rare determination and willingness to take risks and cleanse the rot
Close
US President-elect Joe Biden in Delaware, December 29, 2020(REUTERS)
US President-elect Joe Biden in Delaware, December 29, 2020(REUTERS)

Biden has no record of missteps on India

PUBLISHED ON JAN 01, 2021 08:06 PM IST
With the Chinese amassing troops along the border, Indians want to see more, even as they acknowledge that the US will not conduct its foreign policy to please India, echoing a Democratic congressional aide who is normally sympathetic to India but is frustrated by “constant pushing on China”.
Close
Ancient calendars could be intricate, beautiful, but confusing. Above is a section of the ancient Mayan calendar.(Shutterstock)
Ancient calendars could be intricate, beautiful, but confusing. Above is a section of the ancient Mayan calendar.(Shutterstock)

Lend me your years: How the Indian National Calendar came into being

By Rachel Lopez | Hindustan Times
UPDATED ON JAN 02, 2021 08:29 PM IST
See how, back in 1955, an elite team headed by astrophysicist Meghnad Saha untangled India’s confusing variety of almanacs.
Close
An aangan in an old home in Mehrauli, New Delhi. A fixture since the time of the Indus Valley Civilisation, the courtyard faded away with the coming of Western-style architecture during colonial rule.(Mayank Austen Soofi)
An aangan in an old home in Mehrauli, New Delhi. A fixture since the time of the Indus Valley Civilisation, the courtyard faded away with the coming of Western-style architecture during colonial rule.(Mayank Austen Soofi)

Poonam Saxena writes on the true heart of the Indian home, the aangan

By Poonam Saxena | Hindustan Times
UPDATED ON JAN 01, 2021 07:04 PM IST
It now lives on largely in books and film, but the courtyard was where we cooked, celebrated, slept under the stars on summer nights.
Close
After a traumatic and turbulent 2020, it’s time to ring in a New Year with hope. And since Rabindranath Tagore is being rediscovered by our netas ahead of the Bengal elections, this is a prayer for India in 2021 that draws inspiration from the great poet-laureate.(Raj K Raj/HT PHOTO)
After a traumatic and turbulent 2020, it’s time to ring in a New Year with hope. And since Rabindranath Tagore is being rediscovered by our netas ahead of the Bengal elections, this is a prayer for India in 2021 that draws inspiration from the great poet-laureate.(Raj K Raj/HT PHOTO)

A ‘new’ India can’t be built by abandoning the core values of our founding fathers

UPDATED ON JAN 01, 2021 06:01 AM IST
Where the mind is without fear and the head is held high. Where an Indian identity is determined by citizenship, and not divided by the narrow domestic walls of caste, region or religion. Where true secularism demands that no state authority promote or discriminate against any religion, where equal respect for all faiths must be the basis of our constitutional secularism.
Close
The farmers’ protest may be geographically limited, but the ripples it has caused are international.(ANI)
The farmers’ protest may be geographically limited, but the ripples it has caused are international.(ANI)

The year is almost over, but scars will remain

By Shashi Shekhar
PUBLISHED ON DEC 27, 2020 06:13 PM IST
The year 2020 will be known as a year of bias, discontent, isolation and apprehensions. These can be brushed away by blaming the pandemic, but the virus merely amplified existing tendencies.
Close
The argument Covid-19 did not permit the session is specious. For a start, Parliament’s earlier functioning disproves it. The monsoon session was held in September when daily cases crossed 95,000. So how can a situation when the increase has reduced to under 25,000 be a credible reason for not holding the winter session?(Sonu Mehta/HT PHOTO)
The argument Covid-19 did not permit the session is specious. For a start, Parliament’s earlier functioning disproves it. The monsoon session was held in September when daily cases crossed 95,000. So how can a situation when the increase has reduced to under 25,000 be a credible reason for not holding the winter session?(Sonu Mehta/HT PHOTO)

Parliament should sit more often

UPDATED ON DEC 26, 2020 07:36 PM IST
The bigger moral argument rests on the belief Parliament is special. It represents our nation. It speaks for us and symbolises our resolve. So if the temple of our democracy ducks the challenge of functioning in a time of the virus what’s the example it sets for the rest of us and what’s the message it sends to the world beyond our borders?
Close
SHARE
Story Saved
OPEN APP