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| India to give opportunities for business growth: Study |
| BS Reporter / Bangalore Dec 17, 2008, 00:32 IST |
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As the markets evolve and adjust to new realities, several opportunities are likely to emerge for the entrepreneur to start and grow businesses in India thereby meeting the country’s inclusive growth target, says a joint perception survey.
The study, released by research firm KPMG and TiE (The Indus Entrepreneurs), at the TiE Entrepreneurial Summit 2008 in Bangalore, says that the Indian entrepreneurial community indicates an average level of conduciveness at 3.31 on a scale of one to five (1 being poor and 5 being excellent) for entrepreneurial ventures in the country.
Over 1,000 entrepreneurs across 15 Indian states were evaluated to gauge their perception of the ecosystem in their respective states. For the purpose of the study, the ecosystem was evaluated on parameters such as infrastructure, finance, manpower, local environment and ecosystem, regulation and governance.
Finance, closely followed by infrastructure, with manpower marginally behind, emerged as the three most important factors considered for fostering entrepreneurial growth.
While the respondents called for improvements in infrastructure, they were also optimistic about its impending transformation.
However, despite a surge in the number of venture capitalists and private equity money available in India, there seems to be a gap in the demand and supply of funds for entrepreneurial ventures.
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