Entrepreneurship in India
In India, only 5 per cent of institutes’ alumni go on to set up their own enterprises. According to NEN, 50 per cent first-time entrepreneurs are engineers and 25 per cent are management graduates.
Reasons for the low penetration in the sector – other than lack of social and family support – are factors like a time-lag of 580 days needed to register a company, lack of basic infrastructure like electricity and a lop-sided tax collection system, feels Professor Amar Bhide, Lawrence D Glaubinger professor of Business at Columbia University.
via Hindustan Times
