Hometrepreneurship: Transforming Domestic Skills into Economic Assets for India's 2047 Vision

As India advances toward its 2047 development vision, the persistent underutilization of women’s economic potential remains a critical challenge. The female workforce participation is significantly lower than that of males. This study presents Hometrepreneurship as an innovative framework to promote inclusive economic growth. This research is developed as a concept note and initially presented as a poster at the Globalizing Indian Thought 2025 hosted by Indian Institute of Management Kozhikode, and subsequently refined based on expert feedback and suggestions.

The primary objective of the study is to propose a comprehensive model for home based nano entrepreneurship that leverages women’s existing skills while preserving cultural integrity and family structures. The research adopts a conceptual and policy-oriented approach, drawing on secondary data from government and institutional sources. It examines structural barriers that limit women’s ability to monetize domestic competencies and evaluates emerging policy frameworks, especially for Kerala’s regulatory initiatives, as scalable models. The study also explores clustering strategies, digital integration and financial inclusion mechanisms to enhance enterprise sustainability and market access.

Findings indicate that Hometrepreneurship can effectively transform underutilised household skills such as culinary practices, handicrafts and care services into viable income-generating activities. The model promotes flexible operations, community-based clustering, and efficient utilisation of domestic resources, with strong potential for formalising millions of women-led enterprises.

The study concludes that Hometrepreneurship offers a practical and scalable pathway for women’s economic empowerment in India. By integrating traditional knowledge with modern market systems and supportive policy frameworks, it can convert invisible domestic contributions into measurable economic outputs, thereby supporting inclusive and sustainable national growth.