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India Tops G20 in Entrepreneurial Culture
By siliconindia
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Monday, 07 November 2011, 15:54 IST
Bangalore: India has the most conducive environment for business entrepreneurs as compared to other G20 countries, reveals a recent Ernst & Young study.
According its latest release named "Entrepreneurs speak out: a call for action to G20 governments" the Nice Cote d'Azur 2011 Entrepreneurship Barometer,"98 percent of surveyed Indian entrepreneurs agree with the statement "Indian culture promotes entrepreneurship" as compared to 80 percent agreeing with rapid growth market and 72 percent for mature economies. A majority, nearly 80 percent of entrepreneurs reported an improved access to funding.
The survey done on 1000 entrepreneurs across the G20 nations, sketches each country's area of budding enhancement, proposing new deals for the government and entrepreneurs. The culture of entrepreneurship can be enhanced by innovation and promotion of success. The influence of family, direct environment and media are creating a strong impact to improve the culture of entrepreneurship.
"We have always known India to be a hotbed of entrepreneurship, despite the hurdles in its business and regulatory environment. Indian entrepreneurs have made their mark both in India as also at a global level. This survey further substantiates the country's premier position as an emerging hub for entrepreneurial activity and innovation," says Farokh Balsara, Partner and Leader, Ernst & Young Entrepreneur of the Year Program.
