Shveta Raina of Talerang ,Puja Mahajan of United Foods, Navita Yadav of  Vistra ITCL,Nidhi Saraf of Key Ventures, Sona Reddy of  Room Therapy & Monica Nayyar Patnaik of  Eastern Media are top six finalists in the nationwide vote for the prestigious “Indian Affairs Innovative Woman Entrepreneur of the Year 2018” at India Leadership Conclave 2017 Annual Awards.

The attempt of India Leadership Conclave is not just to find the innovation part of the Woman Entrepreneurs in india who have successfully demonstrated in building the enterprise but to bring them into focus in the mainstream india often crowded with familiar names. Everybody has a chance to prove is the mantra of India Leadership Conclave. Here are the final six nominees & the final winner will be announced on the glittering award night on Friday,the 6th of July 2018 at Hotel sahara Star in Mumbai where more than 350 leaders will be present.

Indian Affairs Innovative Woman Entrepreneur of the Year 2018 Nominees

1.Ms.Shveta Raina, Founder and CEO, Talerang
2.Ms.Puja Mahajan,CEO, United Foods P Ltd
3.Ms. Navita Yadav,MD & CEO, Vistra ITCL (India) Ltd
4.Ms.Nidhi Saraf, Founder & CEO,Key Ventures
5.Ms.Sona Reddy,Founder & CEO, Room Therapy
6.Ms. Monica Nayyar Patnaik,Managing Director,Eastern Media Ltd

The Overview

Increased female entrepreneurial activity heralds a progress for women’s rights and optimization Of their economic and social living index.Women entrepreneurship is synonymous with women empowerment. Parallel to the male counterparts, female entrepreneurs are catalytic in job creation, innovation and more than tangible contribution to the GNP of the country. An economy thrives when women get a level playing field as men. Innovation works as a catalyst or an instrument for Entrepreneurship. Indian Women, despite all the social hurdles stand tall from the rest of the crowd and are applauded for their achievements in their respective field. The transformation of social fabric of the Indian society, in terms of increased educational status of women and varied aspirations for better living, necessitated a change in the life style of Indian women.

A recent survey of working professionals reveals interesting insights on how entrepreneurship is perceived globally, and in India. Globally, while 53% of those employed would love to become an entrepreneur as it gives them more opportunities; the number is as high as 83% for India. Also, India ranks highest in terms of providing a supportive environment for launching Startups – catalyzed by initiatives like Startup India, Stand-up India and the Atal Innovation Mission.

In addition to being a social inequality that needs correction, the lower participation of women in innovation and entrepreneurship has larger socio-economic implications. Consider that some studies have estimated that women spend 90 cents of every additional dollar of income received on “human resources” for their families which includes health, nutrition and education and this is as compared to 30–40 cents for men. Increasing the number of women entrepreneurs will therefore have a direct positive impact on families and communities as well as society at large.

A second direct impact is that of job creation. A survey of 67 countries by the Global Entrepreneurship Monitor found that an estimated 126 million women were either starting or running a business, and an additional 98 million were running established businesses. A hundred and twelve million of these women entrepreneurs employed one or more people, and 12 million expected to employ up to six people within the next five years—a total of 72 million jobs. Gender gaps in innovation and entrepreneurship therefore represent lost potential for growth and prosperity. Countries and regions with the largest gender gaps in labour force participation incur income losses of up to 30% of GDP per capita. Therefore, lessening the gender gap and promoting female entrepreneurship are increasingly seen as essential for economic development and poverty reduction.