New Delhi: Amway India in association with Indicus Analytics have released the first India Entrepreneurship Report 2014. The report – released by Mr Amarendra Sinha, Special Secretary, MSME, ranks Indian states on entrepreneurial confidence and readiness. The study is based on the perceptions of respondents with regard to prerequisites of entrepreneurship in their respective states. The report, based on the perceptions of cross-section of entrepreneurs spread across the country, offers interesting data-backed insights on the ability, capability and preparedness of various states to nurture entrepreneurial initiative
The data used for index computation was collected through a primary survey of over 5000 respondents across 20 states and 50 cities across India, including unified Andhra Pradesh. The sample respondents comprised new entrepreneurs who started their ventures within a year of the study as well as general population.
The study introduces two indices that measure entrepreneurial promise across states. The first (Current Entrepreneurial Confidence index) represents where states stand, at present, when it comes to hosting entrepreneurial activity – as viewed through the eyes of their residents. The second one (Future Entrepreneurial index), reflects states’ preparedness and potential, in the coming years, in terms of encouraging future entrepreneurship.
Mr. Anshu Budhraja, General Manager, Amway India, said, “India will have the largest workforce in the world by 2025. One of the biggest challenges that confronts the country today is to offer appropriate job opportunities for this growing work force. We believe that skill development and self-employment will play an important role. The India Entrepreneurship Report aims to showcase what drives entrepreneurship in India and take part in public discussions to facilitate the growth of self-employment in the country.”
Commenting on the launch of the report, Mr. Laveesh Bhandari, Chief Economist, Indicus Analytics, said, “We are honoured to have partnered with Amway India for the India Entrepreneurship Report 2014. Based on the perceptions of a cross section of people, the report offers insights on the ability, capability and preparedness of various states to nurture entrepreneurial initiatives. With the feedback directly from the people, the report offers a ready reference for policy makers to identify areas requiring immediate attention.”
Current Entrepreneurial Confidence Index – State Rankings at a Glance
Current Entrepreneurial Confidence Index
Future Entrepreneurial Readiness Index – State Rankings at a Glance
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