According to the recently released second edition of the Mastercard Index of Women Entrepreneurs (MIWE), India ranked 52 among 57 countries.
India is only ahead of Iran, Saudi Arabia, Algeria, Egypt, and Bangladesh
India’s rank remained unchanged from previous year at 52, significantly behind the United States (4th) and China (29th).
According to the report, the Indian women business owners, leaders or professionals exhibit less inclination towards business ownership due to cultural bias.
The MIWE focusses on female entrepreneurs’ ability to capitalise on opportunities granted through various supporting conditions within their local environments.