International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Volume 7 Issue 2
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Economic Empowerment of Women in India: A Narrative Review of Challenges and Transformative Strategies

Author(s) Dr. Musaraf Ali, Sangita Medda
Country India
Abstract A patriarchal nation like India still lacks economic empowerment for the majority of its women. To advance social justice and equality, decrease poverty, and enhance national economic growth, economic empowerment of women is vital. It results in increased workforce participation and entrepreneurship, gender equality, economic independence and stability. This study was an attempt to explore the challenges that hinder the economic empowerment of women in India and to identify the transformative strategies to enhance their financial independence. The present study adopted a narrative review approach. A comprehensive search was completed using academic databases like Google Scholar, ResearchGate, and Shodhganga – INFLIBNET Centre. Articles were selected based on some inclusion criteria such as empirical studies, studies conducted in India, and open-access documents. It has been seen that adequate knowledge and training, lack of digital literacy, lack of access to financial resources, socio-cultural barriers, limited support for women entrepreneurs, employment conditions, and family issues prevent women in India from achieving economic empowerment. However, financial inclusion through government initiatives, financial literacy, entrepreneurship, self-help groups (SHGs), digital banking and fintech solutions and the digital economy of today accelerates women's economic empowerment by presenting new opportunities for women entrepreneurs. The paper also emphasized the role of the government and policymakers by outlining future directions.
Keywords Economic Empowerment, Challenges, Transformative Strategies, Women Entrepreneurship, Financial Inclusion, Narrative Review
Field Sociology > Economics
Published In Volume 7, Issue 2, March-April 2025
Published On 2025-03-25
DOI https://doi.org/10.36948/ijfmr.2025.v07i02.39805
Short DOI https://doi.org/g89v5v
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