Entrepreneurs bullish on India's future: Survey

Entrepreneurs in India are optimistic about the country’s future, according to a new survey by the Legatum Institute, an independent think-tank based in London. 

A majority of respondents in the survey — Survey of Entrepreneurs: India’ — which polled 2,357 individuals, believes that the country is a good place for entrepreneurs to succeed.

The confidence among India’s senior managers, entrepreneurs and aspiring entrepreneurs — the country’s wealth-creators — is very high. Nearly 84 per cent believe India is headed in the right direction, and nearly 9 in every 10 people polled say they expect India to be in a stronger economic position in the next five years.

The two most important factors affecting India’s future growth, the survey shows, are making the government more business-friendly and cleaning up corruption.

Family is the main source of the entrepreneurial spirit and start-up funds in an economy, where entrepreneurs swear by ‘jugaad’, the Hindi word meaning ingenuity, often used to bypass stifling rules and corrupt practices. 

Two-thirds of the respondents believe Indians are more entrepreneurial than other nations, including their future superpower rivals China. More than half the respondents (53 per cent) are tipping themselves to create the world’s biggest economy within 20 years.

image
Business Standard
177 22
Business Standard

Entrepreneurs bullish on India's future: Survey

BS Reporter  |  New Delhi 



Entrepreneurs in India are optimistic about the country’s future, according to a new survey by the Legatum Institute, an independent think-tank based in London. 

A majority of respondents in the survey — Survey of Entrepreneurs: India’ — which polled 2,357 individuals, believes that the country is a good place for entrepreneurs to succeed.



The confidence among India’s senior managers, entrepreneurs and aspiring entrepreneurs — the country’s wealth-creators — is very high. Nearly 84 per cent believe India is headed in the right direction, and nearly 9 in every 10 people polled say they expect India to be in a stronger economic position in the next five years.

The two most important factors affecting India’s future growth, the survey shows, are making the government more business-friendly and cleaning up corruption.

Family is the main source of the entrepreneurial spirit and start-up funds in an economy, where entrepreneurs swear by ‘jugaad’, the Hindi word meaning ingenuity, often used to bypass stifling rules and corrupt practices. 

Two-thirds of the respondents believe Indians are more entrepreneurial than other nations, including their future superpower rivals China. More than half the respondents (53 per cent) are tipping themselves to create the world’s biggest economy within 20 years.

RECOMMENDED FOR YOU

Entrepreneurs bullish on India's future: Survey

Entrepreneurs in India are optimistic about the country’s future, according to a new survey by the Legatum Institute, an independent think-tank based in London.

Entrepreneurs in India are optimistic about the country’s future, according to a new survey by the Legatum Institute, an independent think-tank based in London. 

A majority of respondents in the survey — Survey of Entrepreneurs: India’ — which polled 2,357 individuals, believes that the country is a good place for entrepreneurs to succeed.

The confidence among India’s senior managers, entrepreneurs and aspiring entrepreneurs — the country’s wealth-creators — is very high. Nearly 84 per cent believe India is headed in the right direction, and nearly 9 in every 10 people polled say they expect India to be in a stronger economic position in the next five years.

The two most important factors affecting India’s future growth, the survey shows, are making the government more business-friendly and cleaning up corruption.

Family is the main source of the entrepreneurial spirit and start-up funds in an economy, where entrepreneurs swear by ‘jugaad’, the Hindi word meaning ingenuity, often used to bypass stifling rules and corrupt practices. 

Two-thirds of the respondents believe Indians are more entrepreneurial than other nations, including their future superpower rivals China. More than half the respondents (53 per cent) are tipping themselves to create the world’s biggest economy within 20 years.

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine

Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard