Impact of Higher Education on Micro Women Entrepreneurs in India

Abstract

When the economy of the Nation is analysed in the global context, the entire world is entangled in the chain of rapid progress and urbanization. India is not out of the context in this scenario. Women empowerment has been a burning issue when the economic stability and progress is concerned. With this developing mindset, the whole Nation is looking up on women empowerment and education of the girl child as empirical evidence for the catalysing reaction of impact of urbanization on the economy and business market. This study reveals the necessity of women entrepreneurs in the micro segment to be educated to a higher level to understand the dynamics of ever-changing market, innovation, and technology. Higher education has become an economic emergency for the preparedness and sustenance of Micro Women Entrepreneurs in the global market. Constraints to aim for higher education is one of the reasons for the women entrepreneurs in the micro segment to not able to access the required finance and technology for the survival of the business. The managerial ability to start up a venture and its social implications are the distinctive characters enabled by the higher education among women. Higher education helps them to be authentic with the technology and to be consistent with the changes due to innovation. It is also evident that women entrepreneurs who lack education also lack societal support. This paper discusses the impact of higher education on the launch and sustenance of business for women in the micro segment.