The harm covid is causing to women entrepreneurs
A survey shows as much as 45% of the permanently-closed women-led enterprises may never set up an enterprise again. This could not only hurt the economic independence of women but also have implications on their role in household decision-making, freedom of movement and collective agency at a community level.
Women are under-represented as entrepreneurs, and this gender divide is starker in developing economies. In India, only 20% of the enterprises are women-owned, providing direct employment to 22 to 27 million people. The covid pandemic has affected people across the globe, but its impact on women has been disproportionately higher. According to a Mckinsey & Co report, female job-loss rates resulting from covid are about 1.8 times those for males.