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Asian Indian Business Women Lead the Way

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LONDON (Monday, June 11, 2007) (PTI): Asian women, including female

entrepreneurs from India, are generating more wealth than women in

any other region of the world even as their affluence and influence

grows globally, a study indicated on Monday.

 

The report published by Barclays Wealth, Britain's leading wealth

manager said " the affluence and influence of women is growing

globally and is increasingly fuelled by their own individual

enterprises - highlighting that the perception of inheritance and

marriage as the lead sources of female wealth is outdated. "

 

A vast majority of women, particularly from Asia and India, were

generating their wealth independently.

 

The survey, titled 'Barclays Wealth Insightstion of Gender',

said " compared to any other global regions, the wealth generated by

female entrepreneurship is highest in Asia, where 26 per cent cite

income from a business as their main source of wealth. "

 

Globally, only 20 per cent of women show income from a business as

the main source of wealth. The survey said that today's global

picture of female wealth was largely driven by earnings and business

ownership (83.9 per cent), or by personal investments (32.8 per

cent), which compares favourably to marriage (24.7 per cent), divorce

(2.2 per cent) and inheritance (19.9 per cent).

 

Barclays used wealthy female Indian entrepreneurs including Kalpana

Morparia, joint MD of ICICI Bank, and Perween Warsi, the multi-

millionaire CEO of S & A foods, on its " insights panel " for the

survey.

 

SOURCE: DNA India

URL: http://www.dnaindia.com/report.asp?NewsID=1102529

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