It was discovered that 68.7% of businesswomen/entrepreneurs make investments their cash, however solely 51% of salaried ladies make investments their cash. (Representative picture)
86% of working ladies expressed a need to be taught and upskill themselves in areas like budgeting, investing, saving, and different monetary devices.
Ahead of International Women’s Day, IndiaLends, a web based market for credit score merchandise, unveiled the sixth version of its annual #WorkingStree report. This yr’s survey, themed “Women Entrepreneurship and Investments,” delved into the aspirations and realities of working ladies in India, portray a remarkably progressive image in comparison with the fifth version of the #WorkingStree survey, which centered closely on “financial independence.”
This yr, IndiaLends surveyed over 10,000 working ladies aged 24-55 throughout metros, tier 1, and tier 2 cities. A whopping 76% of respondents expressed a need to begin their companies. This entrepreneurial spirit signifies a rising ambition and a dedication to take cost of their monetary futures.
Financial Literacy & Skills
Not simply this, 86% of working ladies expressed a need to be taught and upskill themselves in areas like budgeting, investing, saving, and different monetary devices. This rising monetary literacy is essential for ladies to navigate the complexities of finance, each as buyers and entrepreneurs.
Self-reliance Attitude
Beyond the statistics, the #WorkingStree survey additionally revealed tales of ladies entrepreneurs taking cost. A noteworthy discovering is that 68% of ladies entrepreneurs handle their firm accounts independently, demonstrating their competence and self-reliance, and solely 32% of ladies are depending on their professionals/husbands/members of the family for this.
Investment Behaviour
The survey additionally aimed to know working ladies’s investing behaviour. It was discovered that 68.7% of businesswomen/entrepreneurs make investments their cash, however solely 51% of salaried ladies make investments their cash. Interestingly, it was discovered that of the ladies investing their cash, 79% of ladies make investments their cash themselves. The remaining 21% of ladies get assist from their companions or mother and father.
When requested for his or her causes for not investing, 25% of ladies do not make funding choices themselves on account of a insecurity, and 29% cite a restricted understanding of monetary devices as a barrier.
Ankit Khurana, CMO, IndiaLends, stated, “The results of the #WorkingStree survey are truly inspiring. Witnessing that 76% of women aspire to start their businesses fills me with immense pride. This is proof of changing times and shows how today’s women are ready to take charge of their finances. I believe that by supporting women’s entrepreneurial journeys, we can ensure a stronger and more prosperous nation for generations to come.”
The majority of IndiaLends’ #WorkingStree survey respondents have been within the 25-34 age group, representing 33.6percentof the whole pattern, adopted by 35-44-yr-olds at 25.6%The youngest age group of 18-24 years represented 22.3% of the pattern, whereas these over 45 and above made up about 18.5%.
In phrases of professions, salaried staff represented the most important group of respondents at 44.5%, adopted by self-employed people at 31.3%. Homemakers represented 12.3% of the pattern, whereas skilled people similar to CAs and attorneys accounted for 4.4%.
When it got here to marital standing, the vast majority of respondents have been married at 67.2%, adopted by singles at 20.5%.
