What factors will promote Entrepreneurship growth in India?

My own personal experience and that of some of my friends is that its easier for us Indians to start a business in countries like Thailand, Malasia, Vietnam, UAE and many others than in India itself, provided of course one has the money 

Government should go all out to support entrepreneurship by making laws that support and removing laws that hinder risk taking.

Absolutely Government is biggest speed breaker in plateau shape. No doubt India has created some gr8 entrepreneurs in depression period.

But to take normal shop license one has to go number of procedures & paper work, for an Cybercafe one has to take more than 20 licenses & think abt IT Sector!!!   & to get dese ppl dont take straight way or rather dey want to bt Government officials makes dem to change d way ?!?!

RED TAPE & BRIBE are the biggest issues(According to me) & i dont think dey (Govt) vil luk in to dis matter coz dey hav sum other gr8 problems to solve.(2 Change d Boards to different Languages instead of promoting self employment)

 education system is killing creativity, restrict students to four walls of class room  or four walls of drawing room.

It is creating more employees not employers. 

The inventive and  creative skills are not being taken care and these skills r being killed. 

With lot of resources at our disposal we require enterpenuers. Education system should produce them.

Yes, Education system is a factor for the new enterprises to come from the young generation. But can we bring in about a big change immediately.

I dont think so, hence there should be student communites or groups who should bring in more entrepreneurship ideas and bring in more competitions to bring in innovative ideas and try to incubate those ideas and make it a reality.

I think that will be a good thing to start with

According to me,to have high growth in entrepreneurship,we must look on education system of india.We are so dependable on theoritical studies,where in abroad they believe in practical studies.To be an entrepreneur,we should have independent mind,should have guts to take challanges,have the desire to know the unknowns.All thats we cant build in one day,for that our educational pattern should be one to responsible.

More financial institutions apart from the government should come up with low interest rate, flexible loan schemes, better support. There are the financial institution that help the new ideology but the their numbers are less. Blue chip financial institution should encourage the youth for starting up there business and provide them with very good amount of loan at low interest rate.

Hi Madhu, I am into EDP's and incubation of budding entrepreneurs. But what i feel is that though there are good ideas in todays youth, all of them are being killed because of non support by their own family, teachers and peers. So the answer to the above question can be only achieved by a big societal change, where each one of us is responsible and we should be making some worthwhile contributions.

There is our education system which is only churning out graduates who does the backend job of global economy and the more innovative and creative jobs are taken away by the so called developed countries. We cannot blame them for what we are? It is we who has to bring a drastic change in ourselves.

As you have mentioned somewhere else about IIT's, IIM's, I do not believe that they are also contributing too much towards entrepreneurship. There should be universities and academic institutions like MIT in India which brings in more innovation and in turn entrepreneurships and of course more jobs.

So where should we start with ? I think we have to start with our society. Our community involving academicia and govt. should sensitize the community to bring the entrepreneurship in todays youth.

Suraj ji ,  Good points to note.

We should congratulate veena gupta for starting this debate. The debate should continue. 

 Basically I feel that enterpenuership should be encouraged. 

Enterpenuer should be encouraged whereever he is as he creates, productivity and move the nation.

India is country of more than 100 crores population.and abudant natural resources what we require is managers.

Managers  run with brain power. Inthis aspect education plays great role.

As it is acknowledged through out the world our iits and iims are more enterprising. Let us give them proper environment to work  and utilise their services. Not only IITs and IIMs likewise any enterpenuer should be given encouragment  by government and corporatesand others.

Yeah, Our society is still in the Industrial revolution age where employment was the only option left out for a person from a middle class family.

We have mentioned about BUDDING ENTREPRENEURS, ASPIRING ENTREPRENEURS. Now what i feel is the below mentioned challenges.

1. A Budding Entrepreneur should be not the one who tries to imitate or implement an already successful venture. But there should be more room for innovation and creativity in it. Budding Entrepreneurs with an innovative idea is what our nation wants. For Eg., Now if you approach budding entrepreneurs, most of them have the idea of something that s connected to computers or IT Field. Like social networking site with no USP's attached to it. How can you call them Entrepreneurs. So the first challenge is to identify the budding entrepreneurs.

That challenge can be overcome only with proper grooming and coordination of parents, concerned teachers and peers of that guy/girl.

2. Why people keep themselves away from entrepreneurships? Parents and teachers also discourage students to go for any ventures on their own, because it is risky and involves very concentrated effort without any deviation to make it a successful. Where as a job can fetch u a monthly pay cheque, Entrepreneurship does not promise you that. And also the initial investment part of any business venture add to it. So how to tackle that issue. Governments has to step in and the budding entrepreneurs has to keep themselves away from VC Funds which may only double the effort and in return chances of losing out your organization to an outsider is more.

3. Always the EMPLOYMENT & ENTREPRENEURSHIP should be inculcated from the time of childhood, but that is possible if that concept is in teachers and parents. There should be a heavy campaign to sensitize this issue and make INDIA a forerunner as far as new innovative ventures are concerned.

I think this group who is now involved in this debate,  can give a start to challenge this issue and proceed on some concrete steps. Rather than putting the blame on others let us see what we as a group can contribute to this nation.

And Ms. Veena Gupta, Kudos to you for bringing up this debate.

absolutely correct.

Educational curriculum should be enterpriser orientedwhich is happening with IITs, IIMs,  where they are creating jobs.  Other cirriculams are imparting knowledge.

LET THERE BE MORE INSTITUTIONAL WHERE KONWLEDGE MAKES A MAN MORE ENTERPENURING.