India Tops G20 in Entrepreneurial Culture
By siliconindia   |   Monday, 07 November 2011, 15:58 IST
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Entrepreneurship culture
Majority of Indians reports improvement in access to funding as well as bank loans. 80 percent of Indians surveyed agree that funding from PE had enhanced since 2005. IPOs were seen to have enhanced with regard to the access to funding they offer, by 67 percent of Indian entrepreneurs. Alongside, these improvements in funding access in India from 2005 to 2010, 67 percent still rated access as difficult overall. Fascinatingly, 94 percent of Indian entrepreneurs believe that encouraging success stories to students is the main key to improve student's insight of entrepreneurship as a career option. 67 percent felt that students need to pursue particular training to become entrepreneurs as compared to an average of 80 percent for the rapid growth markets and 59 percent for the mature economies. At the same time 84 percent felt that support from entrepreneurs' clubs and associations have enhanced in India, but they were not so passionate about the coordination between the different bodies.

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