India among top 5 economies for ease of starting new business: Survey

India is among the top five easiest places to start a new business, a global consortium of over 500 researchers said on Thursday in its latest report, putting the country on top amongst low-income economies on different entrepreneurial framework conditions.

The Global Entrepreneurship Monitor (GEM) 2021/2022 report, unveiled at the Dubai Expo, gathered data via a survey of at least 2,000 respondents across each of 47 high, medium and low-income economies.

The survey of Indian respondents, who answered questions on their entrepreneurial activity, attitudes to enterprise and view of their local entrepreneurial ecosystem, found that 82 per cent think it is easy to start a business, placing India fourth globally.

As many as 83 per cent believe that there are good opportunities to start a business in their area second globally and 86 per cent believe they have the skills and knowledge to start a business fourth globally.

Besides, 54 per cent cite fear of failure as a reason for not planning to start a new business in the next three years, placing India second out of 47 in this list.

The GEM report put India on the top amongst low-income economies (according to GDP per capita) on different Entrepreneurial Framework Conditions such as Entrepreneurial Finance, Ease of Access to Finance, Government Policy: Support and Relevance; and Government Support: Taxes and Bureaucracy; while Government Entrepreneurial Programmes was ranked second highest.

However, the results indicated that entrepreneur sentiment of growth expectation was weak with more than 80 per cent of Indian entrepreneurs reporting much lower growth expectations than last year.

See also  IPL 2022 DC vs MI Live: Ishan Kishan 50, Kuldeep Yadav 3-18 as MI 138-4

Dr Sreevas Sahasranamam, Senior Lecturer in Entrepreneurship and Innovation at the Hunter Centre for Entrepreneurship at the University of Strathclyde in Glasgow, and one of eight authors of the GEM report, said: The fact that over 80 per cent of respondents in India agreed that it is easy to start a business in the country, placing India amongst the top five economies globally, reflects an entrepreneurial ecosystem that has improved, thanks to government initiatives such as Startup India’ and Make in India’.

However, entrepreneurial intentions among the general population and growth expectations among entrepreneurs, are still muted, he said.

So, there is a need for cultural change around reducing the fear of failure amongst the general population, and support for scaling-up new ventures, he said.

Dr Sunil Shukla, Director-General of the Entrepreneurship Development Institute of India and GEM India Team Leader, said: Entrepreneurship has become a key factor for sustainable economic growth and has huge potential to create employment opportunities.

Developing an entrepreneurial mindset within the country has become a primary objective for governments and societies worldwide. In the Indian context and given its socio-economic challenges as well as its size and scope, a holistic approach to entrepreneurship development can bring transformational changes to the socio-economic landscape of the country, he said.

Further, survey data found that more than 77 per cent of entrepreneurs are pursuing new opportunities due to the COVID-19 pandemic placing India first out of 47.

This observation reiterates the findings of a report published last year by researchers from the University of Strathclyde and King’s College London that found almost 60 per cent of entrepreneurs in India predict a long-term positive impact of COVID-19 on their businesses.

See also  Contractor death row: Karnataka Minister Eshwarappa quits from cabinet

Sreevas further said: We observed a clear relationship between the level of income and the share of start-ups in business services, such as professional services, communications, with this share typically being much higher in high-income than in low-income economies.

Thus, encouraging new start-ups in differentiated, knowledge-based high-value business services compared to consumer services may improve the development path of developing economies like India, paving a path to its USD 5 trillion economy ambition.

Although there is a high-level entrepreneurial activity in low-income economies, their job creation ambition appears low, and hence may not easily translate into employment-intensive established businesses in the future. Thus, a focus on training and other forms of business development support to support scaling-up of ventures is needed in such economies, he added.

Globally, the GEM report found that in 15 out of these 47 economies, more than half of entrepreneurs agreed that the pandemic had led to new business opportunities.

In 2020, this had been the case for just nine out of 46 economies.

GEM is a consortium of country teams, primarily associated with top academic institutions that carry out survey-based research on entrepreneurship around the world.

It is the only global research source that collects data on entrepreneurship directly from individual entrepreneurs.

GEM’s Adult Population Survey provides analysis on the characteristics, motivations and ambitions of individuals starting businesses, as well as social attitudes towards entrepreneurship.

The National Expert Survey looks at the national context in which individuals start businesses.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

See also  Stainless Steel Fabrication: Durable and Long-lasting Solutions

Source link

© 2022, Admin. All rights reserved.

istanbul escort aksaray escort arnavutköy escort ataköy escort avcılar escort avcılar türbanlı escort avrupa yakası escort bağcılar escort bahçelievler escort bahçeşehir escort bakırköy escort başakşehir escort bayrampaşa escort beşiktaş escort beykent escort beylikdüzü escort beylikdüzü türbanlı escort beyoğlu escort büyükçekmece escort cevizlibağ escort çapa escort çatalca escort esenler escort esenyurt escort esenyurt türbanlı escort etiler escort eyüp escort fatih escort fındıkzade escort florya escort gaziosmanpaşa escort güneşli escort güngören escort halkalı escort ikitelli escort istanbul escort kağıthane escort kayaşehir escort küçükçekmece escort mecidiyeköy escort merter escort nişantaşı escort sarıyer escort sefaköy escort silivri escort sultangazi escort suriyeli escort şirinevler escort şişli escort taksim escort topkapı escort yenibosna escort zeytinburnu escort porno 1080p porno izle 4k porno izle 720p porno izle abella danger alman alman porno alman porno izle aloha tube porno amatör amatör porno amatör porno izle anal anal porno anal porno izle arap porno asa akira porno asyalı porno bangbros porno bangbros porno izle banyoda sikis başörtülü porno beeg porno izle beyaz tenli porno izle biseksuel porno izle bisexsuel porno brandi love porno brazzers brazzers porno izle canli porno canli porno izle çinli porno çinli porno izle ensest porno ensest porno izle ensest seks erotik porno erotik porno izle esmer porno esmer porno izle etek altı fake agent fake taxi fake taxi porno fantazi pornoları fantezi porno izle fetiş porno fetiş porno izle fetish fransız porno fransız porno izle full hd hg porno izle gangbang porno genç kız porno izle genç kız sikişi genç teen porno izle gizli çekim porno gizli çekim pornosu grup pornosu grup porno grup porno izle hd pornolar hd porno hd porno izle hemşire porno hemşire pornosu hizmetçi porno hizmetçi porno izle ingiliz porno japon pornoları japon porno kızlık bozma kızlık bozma porno izle konulu porno konulu porno izle koreli porno köylü pornoları kumral porno kumral porno izle latin pornoları latin porno latin porno izle lezbiyen pornoları lezbiyen porno lezbiyen porno izle lisa ann porno liseli pornoları liseli porno liseli porno izle manken porno manken porno izle masaj porno izle masturbasyon porno izle masturbasyon pornoları mature porno mia khalifa porno mia malkova porno milf porno izle mobil porno mobil porno izle öğrenci porno izle öğretmen porno izle okul porno izle olgun kadın pornosu olgun porno oral porno oral porno izle oral seks porna izle pornhub pornhub porno izle porno film izle porno indir porno izle porno resimler porno star porntube porno izle redtube redtube pornoları riley reid porno rokettube rus pornoları rus porno rus porno izle sakso blowjob porno izle sarışın pornoları sarışın porno sarışın porno izle sarışın pornoları sekreter porno shemale sikiş sikiş sikiş izle şişman porno siyahi pornoları suriyeli pornoları swinger porno tecavüz porno teen porn türbanlı pornoları türbanlı porno türk pornoları türk porno türk porno izle türkçe altyazılı porno türkçe altyazılı porno izle xhamster pornoları xhamster porno xhamster porno izle xnxx xnxx porno xnxx porno izle xvideos xvideos porno izle yaşlı porno yeşilçam porno izle youjizz youporn youporn porno izle zenci porno güvenilir bahis siteleri bahis siteleri casino deneme bonusu casino siteleri deneme bonusu para yatırma bonusu bahis siteleri casino siteleribahis sitesi para yatırma