Why are we not seeing the next entrepreneurial wave?

To kick-start the next wave of entrepreneurship, we need to put our own capital to work,  money should be a means to improving our lives and not be an end in itself. Most Indians have believed in capital preservation and hence, have had to forsake a multiplier in the form of capital growth. Among high net worth Indians, wealth is passed down generationally. This creates a disparity between the rich and the poor, which only gets wider, while simultaneously curbing our overall risk-taking appetite. So, people should learn to take more risks.

Dear Venna,Its true that no new entreprise has become a success story like Infosys Wipro but its not true that there is any lack of wave....in the last decade only around 40 new indian origin telecom companies have been launched and 80% of them are doing very well,in softawre segment also this the story....we have to understand that due to recession and market saturation in few segments these companies could not find the suitable atmosphere as Infosys,Wipro had.....we must believe in our capability i can say it because you can take the example of GTL, Airtel which have become  Telecom major globally in recession period itself...every plant needs a suitable atmosphere to grow....one more factor i would like to mention here is Indian govt policies which are quite supportive for software Industry but obstacles for many other Industries to grow eg Telecom.Agriculture,horticulture,fertiliser,mining

In the era that we are Today, for any person with Entrepreneurial aptitude in India, find it more convenient to earn by serving the multinationals. That person is slowing reaching the point where he now knows what is required to turn the market. The new generation of this person will reap its benefits. Next Entrepreneurial wave is just around. I know a couple a people who are on a threshold of Entrepreneurial venture. I am sure, you know someone as well. Its just that threshold energy which is building up.

Thanks Veena for referral.i find no idea other than the above one.The full energy in India is being utilized for promoting retails which are controlled and regulated by MNCs.The purple color significantly controls the psychic of a person to stay energetic within shell,once out, the person develops entrepreneurship .India is  awaiting the moment.

Veena,So many companies from various parts of the world are coming to India,because they have identified the various benefits like,opportunities to grow higher and faster,vast untapped potential,availability of various resources.WhenRolling out to other countries can be taken up later after encashing local potential. This being the situation what is  the necessity to go to other countries and allow other countries to grow in your own country?

I came across with thousand of students even we hav a batch of 360 here but only 2-3 of them want to start their own business else luking for a job in multinationals,all B-schools are not teaching Business they are placement agencies for MNC's they train them to how to do a job,Second lot is the engineering lot those people only focus on job so two big chunk of think tanks are diverted for slavery.

<p>...india is still developing...and i am sure people in colleges are serious about new technologies and research and confident in taking forward to their enterprise..It is just we were more following the west rather than thinking on our own. But things will happen soon ....and who knows may be me and my friends would create history soe day  :P..................</p>