The unprecedented impact of the pandemic has compelled a greater inclination and willingness to cooperate among entrepreneurs. Inclusive entrepreneurship aims at creating a genuinely level playing field where every individual is able to access entrepreneurship opportunities and secure livelihood. Although India is a country where grassroots entrepreneurship has been widely acknowledged as a beacon of hope, very little has been done to tap entrepreneurial ambition.
The government and other financial institutions have failed to take cognizance of and acknowledge the potential of men and women-who with their meager resource base and low capital, secure livelihood for themselves and create jobs for those within their communities. This has prevented millions of men and women belonging to this unclassified segment of our economy from actualizing their economic aspirations. Studies from pre covid times also indicate a gender gap in entrepreneurship across regions.
This lack of gender diversity is attributed to reasons like traditional male values of decision making and risk taking associated with managing a business and paucity of social and institutional support for women with entrepreneurial aspirations. Indian society has normalized notions and traditions of female domestic responsibility and deeply entrenched cultural expectations. While considering gender inclusion, diversity in the supply chain is imperative to leveling the playing field.
By evaluating the level of such diversity and working to increase engagement with and support women-owned businesses, organizations can build resilient and adaptive supply chains. Here’s hoping for an equitable future where barriers to economic growth can be broken and people from all sections of the society can access entrepreneurship and secure livelihoods.
Talking about entrepreneurship in India, India in past few years had became a hub of rising entrepreneurs and start ups. Though, the ratio of men to women entrepreneurs is less but still the pathway made by few could be considered as a stepping stone which can lead India into a total new version of entrepreneurs. But here, I would like to throw light on the success rate of new start ups and entrepreneurs, though government provides financial aid to the young entrepreneurs but still no guarantee of success. Supporting an entrepreneurial skill and developing or growing skill are 2 way too different things. No matter if 1000's of start ups are started but at the end of the day what…