Why Has India Failed To Create Next Gen Business Icons?

#3 Fewer Icons in Volatile Times

There is no doubt that monsoon brings more greenery on earth; likewise, when the time is good, more people are likely to flourish.

Obviously, the post-9/11, post-Lehman and post-27/11 world and India do not provide good times for Indian businessmen. The politically, socially and economically disturbed times are not so hospitable for new icons to bloom.

In a broader scene, Microsoft was tasting success, two decades ago, which became mere marginal when Google snatched its position in the market; meanwhile competing with Facebook. Apple, which was once the synonymous with success, now faces close competition from other similar brands. All these are not confined to the tech-world alone, but this is the fate of all entrepreneurs in the present scenario. And the India’s story is not different.

Presently it is been observed that success is not so easy to sustain over a long time. When corporate tycoons are struggling with business challenges as Kishore Biyani of Future Group, they find it difficult to take their eyes off their business empires and focus on larger stuff.

However, there is something more specific about the last decade that made things difficult for new business icons to emerge in India.