Women entrepreneurship in India has emerged as a significant driver of inclusive economic growth, innovation, and social transformation. This paper critically examines the opportunities and challenges faced by women entrepreneurs within the Indian socio-economic context. Despite increasing participation across traditional and emerging sectors, women entrepreneurs continue to face structural barriers such as limited access to finance, socio-cultural constraints, gaps in technical education, and digital inequality. At the same time, emerging opportunities driven by globalization, digital platforms, and supportive government initiatives have enabled women to overcome traditional barriers and establish successful commercial enterprises. This study adopts a qualitative research approach based on secondary data from academic literature, policy reports, and institutional publications. The paper also incorporates real-life case studies of successful Indian women entrepreneurs such as Falguni Nayar, Kiran Mazumdar-Shaw, and Vandana Luthra to highlight pathways to success. The findings suggest that while policy frameworks like Startup India and Stand-Up India have improved the entrepreneurial ecosystem, gaps in implementation, administrative friction, and accessibility persist. The study concludes that empowering women entrepreneurs requires a multi-dimensional approach involving financial inclusion, digital empowerment, skill development, and institutional support. Strengthening women-led enterprises is essential not only for gender equality but also for achieving sustainable development goals and inclusive economic progress in India.