We know that India’s population is huge and nearly five lakh students are coming out every year as job seekers. But job opportunities are very less in India. Thus brain-drain occurs, i.e., lot of students go abroad for studies or jobs. But in that way what is the country’s benefit? Nothing. Instead loss is happening. Lot of genius minds are going out of the country as they have no choice left. Moreover the Indian economy today boasts of many magnificent opportunities but sadly enough, not many of them are fully utilized.
The entrepreneurship front of the country epitomizes such a condition. Liberalization of economy started by PV Narasimha Rao government in 1991 and the Information Technology boom of the mid and late 90′s have ushered in tremendous changes and set the stage for a wave of entrepreneurship taking India by a storm.
The capacity of Indians for entrepreneurship is substantial. Thus in order to grow at a faster pace of about 10 percent, India needs to churn out more entrepreneurs. But who are entrepreneurs? The entrepreneurs are the only risk-taking individuals or a group of individuals who come forward to make money while creating job opportunities for mass and solves the above problems.
But the problem in India is the mindset of the people. Taking risks is not at all encouraged, atleast in middle class families, where a doctor or an engineer is all that parents can see in their children. The Indian market needs to fill in this lack of encouragement in order to boom. Also the journey of the entrepreneurs is not respected. Everyone questions, eyeballs roll. Encouragement from family is not there and financial support is hard. The Indian entrepreneurs don’t get the same protection like in US, and our bankruptcy laws are also unfavourably different.
Therefore it is a humble request to each and every people to encourage the entrepreneurship more and more so that India gets the benefit out of it because we should not forget that if India is benefited, then in return we are also benefited being a citizen of India.