India scored an overall 41.7 points, ranking 49 among 54 economies globally
Government is aiming to break into top 50 best countries to do business in
Ajit Balakrishnan's article, "What does it take to produce world-dominating companies?" (September 6), is right in making a strong case for the government's proactive intervention in promoting world-class entrepreneurship.In the post-World War II era it was due to generous federal support that the US produced epoch-making inventions such as the IBM-360 (the US government bankrolled half the research and development expenses) and ARPANET.The Bayh-Dole Act enacted by the US in 1980 paved the way for researchers at public universities to commercialise and patent their innovations - which is how Stanford University in California (in addition to MIT and Harvard University in Boston) gave birth to the Silicon Valley, the world's pre-eminent entrepreneurial hot spot that is home to iconic companies of the likes of Google, Facebook, Apple and eBay.Back in India, our track record in such matters leaves a lot to be desired. Vijay Chandru, a member of the expert committee on innovation and entrep
Nearly 50 per cent of respondents in Amway-Nielsen survey considering starting their own business