Goldman Sachs will be training 29 Indian women under it’s 10,000 Women program, an intiative to provide business and management education to under served female entrepreneurs. As reported by the Business Standard, Goldman is partnering with the National Entrepreneurship Network, London Business School and the Indian School of Business to provide 150-hours of classroom instruction and mentoring along with assistance in launching and expanding the business.
The 10,000 Women initiative is inspired by UN and World Bank research which shows that investing in women leads to real economic growth and improved living standards. In fact, a 1% increase in female education directly correlates to a 0.2% increase in the GDP. The program also aims at removing social hurdles for women in countries where their participation in business has traditionally been restricted. According to the program website,
A critical – yet often overlooked – condition for reducing inequality and ensuring that the benefits of globalization are more widely spread is a robust and growing class of entrepreneurs, managers and financial leaders in developing countries – especially one that promotes opportunities for women.
The tremendous success achieved some 10,000 Women Scholars from other countries is profiled here.
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