In the past women had to face intense gender prejudices, though partisanship exists today also but the intensity has definitely simmered down. When comparing the role of women entrepreneurship in the past and the present, one constant thing is the fact that entrepreneurship by women has the force to create better and positive outcomes for individuals, the environment, society, and nations. Supporting women entrepreneurship creates a multiplier effect in development and addresses economic and social progress by shifting from high fertility, poor education levels, and poor health to low fertility, improved education levels, and better health of the society. It directly affects the employment levels, per capita income, and capital formation while indirectly addressing household resource allocation.
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Job Creation: Startups Starting Up!
Do startups create jobs? This could unarguably be one of the most sought after questions in recent times. While it is out and clear that startups make way for employment opportunities, the discussion boils down to the importance of startups in creating jobs. The startup ecosystem indeed plays a major role in job creation and is touted as an economic panacea.
Importance Of Technology For SMEs
We, humans, by nature, tend to be lazy. We always try to make tools, machines, gadgets, etc., to save us time and energy and give us satisfactory results. Technology is the charisma that kept changing our way of living and our style of doing things drastically. Our way of conducting business is also not spared by the Tsunami of technology.
Importance Of Digital Economy
Economic activities that result from billions of interactions between individuals, businesses, data, devices, and processes constitute a digital economy and India is well on its path to becoming a digitally advanced economy. Driven by cheap data cost, faster connectivity, and affordable smartphones, India had over 1,160 million internet subscribers in February 2020, as per the Telecom Regulatory authority of India (TRAI), second only to China.
India's Economic Growth – Can The Startups Redefine?
Recent years showed a considerable rise in the startups of India. During globalization, MNCs or Multi-National Companies had a massive role in India’s economic growth. Now, it seems that startups are revolutionizing the Indian economy. These startups are amplifying the revenue generation and enriching the GDP.
ENTREPRENEURSHIP EDUCATION FOR BUDDING MINDS
In the present economic situation, having knowledge of an academic subject is no longer sufficient for a new graduate. Students are increasingly required to have skills and abilities which will increase their employability, such as: the retrieval and handling of information; communication and presentation; planning and problem solving; and social development and interaction.
CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA
The Economic survey in 2019-20 using World Bank’s data on entrepreneurship stated that India ranks third in the number of new firms created. However, India ranks significantly lower in terms of intensity when compared with countries like UK and US.
HOW INNOVATION PLAYS AN IMPORTANT ROLE IN THE PERFORMANCE OF SMEs? WHAT ARE SOME INNOVATION FACTORS TO FOLLOW?
Innovation in a business must respect the business strategy in terms of the SME's long-term missions, visions, and goals and is systematic implementation procedures and changes to improve the products and services your company offers. The innovation implementation ensures an appropriate response in terms of increased sales and enhanced customer satisfaction. The image strengthening of your firm will lead to better customer relations with your company and at the same time provide financial stability for the company.
ECONOMIC REFORMS THAT CAN CHANGE THE ENTREPRENEURIAL ECOSYSTEM
The year 2021 marked 30 years since economic liberalisation surfaced in India and writing on this occasion, the richest man of India; Mukesh Ambani said that bold economic reforms such as ending the license –quota raj, liberalisation of trade and industrial policies, freeing up capital markets and financial sector helped our GDP grow ten folds since 1991 and India transformed from an economy of scarcity in 1991 to an economy of sufficiency in 2021.
ROLE OF WOMEN ENTREPRENEURS IN INDIA – THEN AND NOW
As per the 2019-20 annual report of the MSME ministry, among 63.3 million MSMEs that India has, women–owned 20.4% of them up from 13.72 % in 2013-14. This data supports the fact that there has been growing acceptance of women in entrepreneurial roles but it hasn’t always been the case.
TECHNOLOGY AN ENABLER FOR SMALL BUSINESSES
Today times are such that firms operate in a dynamic environment and they must act dynamically too, at least firms should keep an eye on obsolete processes and technologies and replace them with updated versions to stay competitively ahead.
INDIABULLS HOUSING FINANCE: MOVING TOWARDS A HIGHER PLANE
With the company having laid the foundation of its new retail-focused, asset-light business model, FY22 will be a year of ‘transition and growth’ as it will look to put itself on a rating upgrade trajectory and effectively utilise its co-lending partnerships to scale up retail disbursals
LS adjourned as Opp seeks MoS ouster
LOK SABHA witnessed abrupt adjournments Thursday as a united Opposition disrupted proceedings seeking the dismissal of Union Minister of State for Home Ajay Mishra Teni, whose son is an accused in the Lakhimpur Kheri violence.
Accelerates MSMEs Digitalisation Journey
97.2% of businesses in Malaysia are made up of Micro, Small and Medium Enterprises (MSMEs). This important business sector plays a significant role in the Malaysian economy by contributing 38.2% of Malaysia’s Gross Domestic Product (GDP). MSMEs also contributes significantly in providing job opportunities.
Firms seek extension in telecom PLI scheme; Cabinet to take call
KIRAN RATHEE New Delhi, December 11 SENSING THEY MIGHT not be able to meet production targets for this fiscal (FY22) under the production-linked incentive (PLI) scheme for telecom equipment manufacturing, some companies have written to the department of telecommunications (DoT)
CUTTING THROUGH THE CHALLENGES
WITH THE SIGNS OF REGAINING AFTER A PROLONGED PERIOD OF DOWNCAST, CUTTING TOOLS INDUSTRY LOOKS UPBEAT ABOUT THE FUTURE GROWTH PROSPECT
New German leader names first gender-equal cabinet
Germany is all set to get a gender-equal cabinet for the first time in history, even as its first female chancellor Angela Merkel bows out of office. Ms Merkel’s successor, Olaf Scholz, announced that the country’s new cabinet will have 16 members – eight men and eight women.
Germany's Covid controls not sufficient, says Merkel
Germany needs tighter coronavirus restrictions to control a record wave of infections the chancellor, Angela Merkel, said yesterday after the country’s health minister warned that people would be “vaccinated, recovered, or dead” by the end of the winter.
मुसीबत के भंवर में छोटे कारोबारी
मांग में कमी, कच्चे माल के बढ़ते दाम और आसमान छूती ढुलाई की लागत ने बहुत छोटे, छोटे और मझौले उद्योगों पर ऐसा कहर बरपाया कि कई दिवालिया होने की कगार पर आ गए
World news in brief
Brazilian singer dies in plane crash