Small Enterprise - February 2019

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India is an entrepreneurial country. However, over the years, there have been several attempts to define entrepreneurship. Indian entrepreneurs have had to struggle to create and grow their business ventures. The first-generation Indian entrepreneurs that have generated many employment opportunities and significant wealth. These success stories have encouraged a new breed of entrepreneurs, especially in the internet and e-commerce space.
India has the potential to build many highly scalable businesses. Given the probability of entrepreneurial success means a large number of startups will need to be spawned to get to a few unicorns. Experience across countries suggests that vibrant entrepreneurial activity significantly improves social harmony, living standards and quality of life. In this issue, we focus on entrepreneurship in India. Today’s youth are more inclined to start their own venture and achieve economic independence. Entrepreneurship foster learning better than multinational companies and this is one of the reasons why around 76% of the (surveyed) workforce from India prefers to work at a startup as opposed to an MNC.
You will also read how entrepreneurship impacts the economic growth of the country and what are the struggles faced by entrepreneurs. How entrepreneurship increases employment opportunities in the youth and some of the current trends in vogue in the Indian entrepreneurship ecosystem is an interesting read in this issue.
Happy reading!