MasterCard Women Entrepreneurs Index

Question- What is the rank of India in the recently released ‘MasterCard Women Entrepreneurs Index’?
(a) 52nd
(b) 53rd
(c) 54th
(d) 55th
Answer: (a)
Related Facts:

  • On March 7th, 2018, another version of the MasterCard Women Entrepreneurs Index was released.
  • 57 countries have been ranked in the MasterCard Women Entrepreneurs Index.
  • Index focuses on the capability of women entrepreneurs to redeem the opportunities provided through various supported conditions in their local environments.
  • According to this, India’s ranking is 52nd.
  • Last year also India’s ranking was 52nd.
  • India’s low ranking in the index shows that the underlying conditions for women’s business ownership / entrepreneurship in the country are less favorable than those with higher index scores.
  • In the index, India is far behind from the United States (4th) and China (29th).
  • According to the report, due to cultural prejudice, Indian women entrepreneurs exhibit low inclination towards business ownership.
  • India’s ranking in the index is better than just five countries.
  • These countries are Iran, Saudi Arabia, Algeria, Egypt and Bangladesh.
  • New Zealand is at top in the index.
  • While the other countries included in the top five are Sweden, Canada, America and Singapore.
  • The index is based on 12 indicators and 25 sub-indicators.
  • Index represents 78.6 percent of the world’s working female population.
  • Pakistan is not in the 57 countries listed in the index.

Reference:
https://newsroom.mastercard.com/press-releases/women-in-charge-mastercard-index-reveals-how-countries-are-progressing-to-empower-women-entrepreneurs/
https://newsroom.mastercard.com/asia-pacific/press-releases/cultural-bias-lack-of-access-to-financial-services-and-limited-knowledge-key-roadblocks-to-parity-for-indian-women-entrepreneurs-mastercard-index-of-women-entrepreneurs/
https://www.thehindubusinessline.com/companies/india-ranks-52-in-mastercard-women-entrepreneurs-index/article22969475.ece
http://techcircle.vccircle.com/2018/03/07/cultural-bias-cripples-indian-women-entrepreneurs-mastercard-index