India Rated Worst Asian Country for Entrepreneurship: 6 Reasons Say Why
Bangalore: India known for its talent tank, most of them who work for big organizations like NASA, Microsoft and the tech bellwethers and manufacturing giants it has produced over the years. Though India has seen many entrepreneurial ventures, it is still the worst for entrepreneurship in Asia, according to a Gallup poll. The reasons behind this are pointed to be widespread corruption, government hurdles, lack of funding and poor technology and training, which results in low efficiency and high start-up costs in India. So what are the major factors that let down India in this poll? Let’s take a sneak peak
Willingness to take the risk of running a business is not a common trait among Indians
Qualities required in entrepreneurs such as business thinking, optimism and persistence are common among Indians. But the most important part which is the willingness to take the risk of running a business is rare.
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