Women entrepreneurship was a neglected domain during the past, but with the spread of education and awareness among the ladies the image has been changed and therefore the women have emerged as todays most memorable and inspirational entrepreneurs. Its said that family may be a chariot with wheels which are driven by both the male and feminine members of the family. If one among the wheels is lagging behind, the chariot i.e. the family wont be ready to grow and develop. Within the same way once we discuss a nation the ladies entrepreneurship plays a dominant role within the economic development and makes significant contributions to the economic process of the country. The event of the country would be very slow if the ladies entrepreneurship is ignored and stopped to hitch the most streams of productive activities. This paper unfolds the importance of women entrepreneurship and also focuses the role of women entrepreneurs within the Indian economy and also their contributions to the economic development. Various broader objectives like growth with equity are often achieved by enabling the event of women entrepreneurship. Theres necessity of molding and shaping the ladies entrepreneurship with the entrepreneurial traits and skills. This may enable the ladies to adapt with the changing trends in both the domestic and global markets and built up competencies enough to sustain and strive for excellence.