CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA
Small Enterprise|November 2021
The Economic survey in 2019-20 using World Bank’s data on entrepreneurship stated that India ranks third in the number of new firms created. However, India ranks significantly lower in terms of intensity when compared with countries like UK and US.
Yamini Lamba

Between 2006 and 2016, the mean number of new firms registered per year per 1000 workers was 0.10 whereas it was 12.22 and 12.12 for UK and US respectively. A natural question that flows from such documentation is what factors contribute to such abysmally low numbers of entrepreneurial activity when the government of India is taking initiatives like “Startup India”.

Distribution is one of the major stumbling blocks for Indian entrepreneurs emanating from the dearth of access to basic physical infrastructure. For instance, take the Indian road network which is second only to the US but despite that 30% of the population lacks access to all–weather roads, translating into lower quality of work and increased costs to the distributor.

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