Express News Service By

India, which was voted as a worst place for women among the G20 nations in a recent TrustLaw poll, has now been termed as ‘the ideal country to be in if you’re a woman starting a business in 2012’ by the Dell Women’s Global Entrepreneurship Study.

The study found that women entrepreneurs in India anticipated an average of 90 per cent growth over the next five years.

Eight in 10 women business owners said that they were hiring and 71 per cent said that their business was very successful.

That level of confidence was missing among UK- and US-based women entrepreneurs — despite 96 per cent of them considering their business successful — as they foresaw only 50 per cent growth in the next five years.

However, 90 per cent of the women in India started their business while maintaining their day jobs while in US it was 68 per cent and UK 47 per cent.

Indian women found their funding for startups primarily from personal savings (46 per cent) and family members (43 per cent) and saw banks and credit unions (33 per cent) as the most difficult source for funds. But Angel investors were more forthcoming to invest in the startups of women in India (11 per cent) more than in the UK and the US, the two other countries where the survey was conducted by Penn Schoen Berland, a ‘Global Research based Strategic Communication Advisory’, through online interviews with 150 women entrepreneurs in each of the countries in April.

As far as employing technology goes, nine in 10 Indian women said that technology supported basic day-to-day operations, while it was eight in 10 in the US and 7 on 10 in the UK.

Only one in 10 Indian women used technology, a strategic component in the business, as against three in 10 in the other two countries.