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How can India boost an Entrepreneurial Ecosystem

Kris Gopalakrishnan
Wednesday, September 7, 2011
Kris Gopalakrishnan
Setting up your own venture is always a difficult task. It requires many sacrifices, a strong commitment, perseverance, and determination. It is by no means, an easy task to choose between the security of a nine to five job and the uncertainty of a new venture - that may or may not succeed. Entrepreneurs are a rare breed, and their courage must be lauded; for with every venture that succeeds, there are many that die a silent death.

Daunting as it may seem though, entrepreneurship is essential for any economy. Small ventures and entrepreneurs play a significant role in bringing to the market new ideas, services and offerings, that many large organizations are either unwilling or feel too risky to pursue. In addition to this, there is of course the significant role that entrepreneurs and their ventures play in job creation, and in a developing economy like India, this becomes even more pertinent, as it generates employment at various levels.

It is therefore not only advisable, but necessary for entrepreneurship to be nurtured and promoted in the Indian economy.

While there are the obvious social deterrents to entrepreneurship – family, critics and skeptics; once a person decides to pursue his or her dreams to be an entrepreneur there are a number of other challenges that arise.

The entrepreneurship ecosystem in India at the moment has much to ask for.

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