yuoak via Getty Images
On 21 June, the Government of India took a significant step towards making India the most open economy in the world. Through this reform it has allowed 100% FDI in food retail, civil aviation and 74% in private security agency and pharmaceutical businesses. This step comes at a time when the Indian start-up network is witnessing one of the hottest summer seasons of the past few years.
Geri Lavrov via Getty Images
Apart from consolidating his support for the 'Make in India', 'Start-up India, Stand-up India' and 'Digital India' campaigns, Arun Jaitley must implement a clear plan of action in terms of numbers that entrepreneurs can leverage as promised in these schemes. Substantial funds must be allocated towards development of infrastructure, improving connectivity via roads or internet, removal of red tapism and bureaucracy in implementation of policy, and greater clarity on a ridiculously large number of taxes.
Women's entrepreneurship in India has evolved at a slow rate. From the vast majority of women entrepreneurs being engaged in labour-intensive, food-based businesses, they now have a presence in almost all the prominent sectors of the economy. In order to make this transition, female entrepreneurs have worked hard in overcoming certain unique societal problems. Fortunately, the signs are clear that better days are ahead.