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Women Are Creating Change and Adding Value to the Economy: Research

In terms of financial performance, female-led startups are not only matching but outperforming their male-led counterparts, bringing in 10% more total revenue over a five-year period. It demonstrates the creativity and financial acumen that women contribute to the world of enterprise.
With more women becoming leaders and creators in the innovation sphere, the historically male-dominated field of technology and innovation has seen a positive trend towards greater gender diversity. Over the past five years, the proportion of Indian businesses run by women has risen to 18%, according to a research by WISER’s Women in India’s Startup Ecosystem.

Concurrently, a study conducted by the Boston Consulting Group (BCG) revealed that female-led businesses are outperforming their male-led counterparts in terms of financial performance, with the former producing 10% higher cumulative revenue over a five-year period. It highlights the inventiveness and financial acuity that women contribute to entrepreneurship.

Businesswomen Cracking Big Deals

A BCG study revealed a funding gap where women business owners receive much less early-stage capital than their male colleagues, underlining the difficulties faced by female entrepreneurs in obtaining money. Nevertheless, with decision-making power and leadership positions throughout the startup ecosystem, female founders are still shattering stereotypes and pushing the envelope.

Programs like the Women Entrepreneurship Platform (WEP), which was introduced in 2018 by NITI Aayog and the Small Industries Development Bank of India (SIDBI) to promote female entrepreneurs in starting and growing their businesses, offer useful assistance.
The necessity of gender diversity in leadership from an economic standpoint
It is impossible to overestimate the significance of gender diversity in executive teams. Companies with gender diversity on their executive teams in the top quartile were found to be 25% more likely to be profitable than average, according to a McKinsey analysis. This emphasizes the financial advantages of having women in senior decision-making positions, especially in fields that rely heavily on innovation and technology.

First and foremost, companies ought to concentrate on developing a welcoming and inclusive workplace environment that celebrates gender parity and diversity. Second, through mentorship programs and leadership development initiatives, specific efforts should be made to identify and develop female potential. Women can be empowered to assume leadership roles and thrive in their roles by giving them the support and tools they need. Furthermore, it’s critical to combat cultural prejudices and preconceptions that support the underrepresentation of women in leadership roles.
Education has the potential to significantly reduce social inequality and empower women overall. One of the greatest percentages of female students worldwide is 43% of STEM (science, technology, engineering, and mathematics) course registrants are female. It requires an additional push.

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