Ivanka Trump gestures while speaking during the inauguration of the Global Entrepreneurship Summit 2017 in Hyd... Read More

HYDERABAD: Hailing women entrepreneurs and women workforce in India, Advisor to US President Donald Trump , Ivanka Trump on Tuesday said that if India closes the gender gap in labour force by half, the country's economy could grow by over $150 billion dollars over the next three years.

"When women work, it creates a unique multiplier effect. Women are more likely than men to hire other women, and to give them access to capital, mentorship and networks. Women are also more likely to reinvest their income back in their families and communities," Trump said, while addressing the inaugural summit at the Global Entrepreneurship Summit ( GES ) 2017 in Hyderabad.

Hailing the 'City of Pearls' as an emerging "innovation hub" of India, Ivanka Trump, said, "It is wonderful to be in this ancient city brimming with transformative technology - now, your tech centers may even outshine your world-famous Biryani.

Ivanka also heaped lavish praise on Prime Minister Narendra Modi and how people in India, inspires her and fellow US citizens.

During her address, she stressed on the fact that only when women thrive, their families, economies and societies can reach their "fullest potential".

Ivanka mentioned that globally, between 2014 and 2016, entrepreneurship activity among women had increased by 10% and in the last decade in the USA, the number of women-owned firms had grown by 45 %. "Today, more than 11 million women in the USA-own businesses. They employ nearly 9 million workers, and generate over $1 trillion dollars in revenue," she said.

