This was a startling news for me – India being one of the friendliest countries for Entrepreneurs and having some of the best cultures in the world for people to start a new business.
We have written numerous articles on this blog earlier, but all of them were about how environment in India is not conducive for entrepreneurship. But these survey findings are a bit of a surprise.
Survey Findings
The survey findings are based on poll taken by more than 24000 people in 24 countries.
Indonesia was voted as the most friendly country for entrepreneurs with over 85% saying that it is the most favourable country for innovation and creativity. 75% of people in USA & China thought same about their country. Indian came in at 4th with 67% of respondents felling the same.
India was also ranked 4th on the entrepreneur-friendly index in the world with a score of 2.73. Indonesia ranked highest (2.81) on the index with US coming in at close 2nd. In Asian region all participating countries except Pakistan (2.35) ranked below the global average (2.49).
When it comes to starting a new business, most countries felt that there are barriers which could be removed to make the process easier. 72% Indian think that there are barriers, while in Indonesia 69% felt the same. However, more Chinese (76%) felt that it tougher to start a business in their country.
There are many other interesting findings which essentially show that India does have a good entrepreneurship culture. Check out the entire report pdf where you can find how India ranks on other parameters as well.
What do you think? Does India really have such good entrepreneurship culture – My personal opinion is –NO. What do you think ?