The report highlights, “India has the potential to build about 2,500 highly scalable businesses in the next 10 years – and given the probability of entrepreneurial success that means 10,000 start-ups will need to be spawned to get to 2,500 large-scale businesses. These businesses could generate revenues of 10 lakh crore ($200 billion) – a contribution to GDP and creation of employment at the same scale as projected for IT and ITES industry. Experience across countries suggests that vibrant entrepreneurial activity significantly improves social harmony, living standards, and quality of life.” With this statement, entrepreneurs suddenly seem to light up our dark predicament, however, entrepreneurship requires a certain amount of risk to be taken up on the part of the entrepreneur at the early stages. Initial funding is hard to come by, innovation is not found in every hitchhiker who stands by the road and even after these early roadblocks are cleared, there are regulations and protocols that every entrepreneur has to abide by and follow, which are equally “restrictive and time-consuming and add significant cost for an emerging venture”

Entrepreneurship and innovation are the keys for growth of any economy in this competitive world. Apart from boosting the economy and creating wealth, new business create new job opportunities and give employment to fresh new minds spurring creativity and growth. Many sectors could provide significant opportunity for the growth of such successful entrepreneurship such as, manufacturing, technology, healthcare, infrastructure, and education. The committee suggests setting up a 3 lakh crore funding in form of equity and debt through angel investors, incubators, venture capital funds and other financial institutions for a vibrant entrepreneurial ecosystem to thrive in this country.

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