INDIA : Entrepreneurial World

With 6th biggest and 3rd fastest growing economy at the rate of 7.4%, India is becoming the economic center of the world. 
From the mindset of considering business as "dhandha" that runs with "jugaad" to one of the biggest employing sectors, it's the entrepreneurs that changed the mind of the community. Entrepreneurs make the foundation of India economy.
Today, opportunities in entrepreneurship are coming as a cyclone to economical India. From ₹93.7 bn in 1947 to ₹410006.4 bn in 2006 and today ₹801905 bn, we have grown with a speed of a comet. India is a business-driven economy and the energy from the bricks of this developing nation i.e. entrepreneurs are acting as a driving force for India as an economy. At every street of the nation there is a startup and an entrepreneur, what they lag is the exposure. 
There are many organizations running privately and by the government that helps the entrepreneurs to achieve their destination. Competitions like Sankalp by MSME, Business Plan Competition by Harvard Business School etc are some of the competitions that provide opportunities to emerging entrepreneurs to pitch their unique ideas in front of big investors and industrialists or to work under their guidance to enhance their qualities. 
What we see India in future is the economic center of the world full of startups and entrepreneurs running this economy.
            



Our nation has added a large number of billionaire entrepreneurs contributing 15% of GDP and number goes 101. From Dhirubhai Ambani to Ratan Tata and from Narayan Krishna Murthy to Anand Mahindra, these leaders are the pearls in the sea of economic India.
Today, the youth are participating in a crucial way. We have many young successful entrepreneurs like Ritesh Agarwal (founder of OYO), Binny Bansal and Sachin Bansal (founders of Flipkart) who are today counted among the most successful entrepreneurs in the world. Not only men but women are also contributing in this sector like Chnada Cochar (MD & CEO of ICICI) who was placed 4 the in Forbes most powerful women in the world, Asus Suyash(CEO & MD of Crisil), Aruna Jayanti( CEO of Capgemini) etc as the list never ends.


     The general problems which are faced by the Indian entrepreneurs are regional sentiments, racism, casteism, bureaucracy, etc. However, they are the hurdles in the race of success and the role of the entrepreneur in development remains a mystery for many policymakers and observer.
Many structural reforms were implemented since the 1990s by the government to promote private sector contribution in GDP. These reforms worked as a light of enlightenment in the early dark economic India. Today only medium and small entrepreneurs account for 90% of establishment and 85% of employment in India thus dominating the field of entrepreneurship. 
Empirical analysis from 600 different districts in India has suggested that there are two key drivers of entrepreneurship in India – good physical and good human infrastructures. And indeed we have much better keys than any nation including the USA. 

As a great leader and our childhood hero whom we don’t know, Walt Disney said

 “ All our dreams can come true if only we have the courage to pursue them”

~By Divyanshu Mishra

Comments

  1. Unknown21 November 2018 at 09:58

    A block that is worthwhile to read....!well done brother....keep improving keep "highlighting"

    ReplyDelete

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