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Women entrepreneurs are playing a very vital role in the growth of the economy, generation of employment and transformation of the society in the country. They are also playing a very major role in minimising the poverty of the country, development of small and medium scale enterprises and encouraging the inclusive as well as overall growth of the society. The present research study focuses on the role and contribution of the women's entrepreneurship in the development of the Indian economy from the context of Odisha. This study is both descriptive and analytical by nature and here the data have been collected from both primary and secondary sources for analysis and interpretation with the help of simple mathematical tools like tabular and percentage analysis. This present research found that there is a significant contribution of the women's entrepreneurship towards the economy of the country such as the creation of employment opportunities, generation of household income, social and economic development in the country like India. There are also various challenges faced by the women entrepreneurs in India like an inadequate amount of capital, lack of proper training, different social and cultural constraints and weak access to the market etc which affect their growth and development in the country. This present study finally concludes that the factors like financial inclusion, Skill enhancement, supports from the various institutions and awareness about the different government incentives and schemes which will promote the development of the economy of the country with the help of women entrepreneurship.