Financial Insights That Matter
Recent projections indicate that India needs to integrate 145 million women into its workforce to achieve its $30 trillion economy goal by 2047. However, women continue to face significant barriers in accessing financial resources and information compared to men, thereby limiting their ability to engage in economic activities, particularly entrepreneurship. Strengthening financial inclusion and fostering entrepreneurial capabilities among young women can be crucial in accelerating economic growth. Using household-level data from the 77th All India Debt and Investment Survey (AIDIS), we assess the extent of financial inclusion among young women entrepreneurs in rural India and its implications for their livelihoods. Our analysis reveals that financial inclusion remains inadequate in the rural nonagricultural sector, which could otherwise serve as a significant pathway for nurturing entrepreneurship among young women. Addressing these gaps through targeted policy interventions can enhance women’s economic involvement, ultimately contributing to broader economic development.
Working Paper 1498
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