Entrepreneurship….The Future Lies Ahead…!!!!!!

Entrepreneurship….The Future Lies Ahead…!!!!!!

India is going through a great Run this time round. India is among those countries whose economy was growing even when the world was going through the rough patch. It is generally said that “When the USA sneezes the whole world catches the cold”. But India was lucky enough to come out of the crises fruitfully.

This sounds Encouraging. But friends don’t you think that Indians are highly dependent on USA and other multinational companies for the survival??. Almost Half the fortune 500 companies have their presence in US or in West, but there are hardly any Indian companies who managed to do so. India is producing World class Engineers from IIT’s and World Class Managers from IIM’s but still we are lacking when it comes to create business opportunities. We are more of a jobs seeker rather than the job creator. Isn’t it???

This is where I think India is lacking. This is what I think "Entrepreneurship is the future lies ahead"

Who doesn’t want to be an owner of a company? I think it’s a dream of many isn’t it?? An ENTREPRENEUR is a person who is a mixed blend of leadership skills, knowledge, ability to take risks and more over who believes in creating jobs rather than seeking for job.

Friends, these days I have been going through rigorous training of GD/PI for MBA entrance and I many a times come across hearing that I want to own a company and I want to be an Entrepreneur. In fact I also give such kind of answers. No, not because everybody gives such kind of answers but I really want to own a Company. Such aspirations need to be invigorated.

Frankly speaking there are almost 5L Engineers, 2.5L Managers, 3L BCom’s & BSc’s and some more grad make some total of nearly 15L Graduates every year. And the number of job vacancies created is almost 50%. So, what will happen of those remaining 8L who are also skillful but are not fortunate enough to grab a job? In fact I must say they are not unlucky but in my opinion they have much bigger opportunity to create their own empire. Why are they running for the jobs everywhere?

You will be shocked to know that only 15% of the business is organized in India and rest is totally unorganized. So, why to run for that merely 15% when the vast 85% of unorganized sector is calling you?

Why not take the education industry. It contributes mere 2% to the GDP of the country. Here lies the big opportunity for the youngster to pursue their career and accomplish their entrepreneurial dream. Although not today but in near future the Govt. has to think in this direction of promoting Entrepreneurs. Without this it is almost impossible to create employment opportunities for the people.

It is fact that India is land of opportunities and more than 2/3rd of the population is below 35 Years. So this is where India can use this enormous manpower. GOOGLE, YAHOO, DELL, MICROSOFT, APPLE were such companies which were founded by youngsters at the age of almost 20-25. This was possible only because they had support from the government. Their education system is such designed that new ideas are promoted very much. GOOGLE was founded in Stanford University by the university grads right? U.S. and other European countries prospered because they promoted entrepreneurs. Such tactics need to be followed by India too.

It is not the case that Indian Universities doesn’t promote entrepreneurship but it is at a very inchoate stage. Only IIM-A (DREAM BIG 2010) and ISB Hyderabad and EDI Gandhinagar are such institutes which offer these courses. For Indian and the youth to prosper the Education has to play a big role. Universities should start Entrepreneurial courses as a part of their curriculum. This will not only provide youth opportunity but also allow the country to grow at much faster rate. Recently Infosys Co-founder Mr. Narayan Murthy and his wife Ms. Sudha Murthy came up with an idea of being a “Venture Capitalist (Catamaran)” which is intended to promote the Entrepreneurs. Many more business tycoons need to come up with the idea of promoting Entrepreneurs.

So, at last I want to say that India can no longer rely on the West for the survival because after this recession major companies like GM and Bank of America plunged to a great extent. China and India are the two big economies which will be dictating the world for the coming decade. So it’s a great opportunity to come up with new business ideas. Who knows India can up with more MICROSOFT and GOOGLE in the coming decade….!!!!

Hope you liked my Idea….!!!! More Ideas are highly welcomed by you all..!!! Keep Blogging…….!!!!!!