Having said all this, we also need to make sure that entrepreneurs are given an environment where they can thrive prosperously. But once again, the story here is not a very happy one. According to a study by The World Bank and its private sector investment arm the International Finance Corporation (IFC) called Doing Business 2013, India currently ranks a paltry 173 out of a total survey of 185 countries (http://techcircle.vccircle.com/2012/10/23/india-slips-in-global-ranking-for-ease-of-starting-up-biz-pegged-at-the-bottom-heap/), when it comes to the ease of starting a business here. Another statistic reveals that the country has two start-ups being launched every day (http://ventureburn.com/2013/11/potential-vs-politics-can-india-rise-above-to-become-a-powerhouse/). Hence, the conclusion is that though there are no dearth of ideas or business plans, the conditions to support them or see them to fruition are somewhat lacking in India.
Here is where the government needs to step in with favourable policies, regulations, and tax benefits not only for the budding entrepreneurs but also for venture capitalists, angel investors, and banks, who are in actuality working in tandem to ease the burden off the federal’s shoulders. Another thing that has been long overdue is motivating and encouraging women entrepreneurs to enter the market by providing them the necessary support. On the other hand, the entrepreneurs must not think that whatever they are doing is simply for fulfilling their quota of social responsibility. They must feel assured that the true purpose of their start-ups will always be giving shape and form to their vision and dream. They do not have to compromise for the sake of society and nothing is to be gained at the cost of their plans. It is just that while they surge ahead in their paths, they should take along a few others, and consequently the country, with them.
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