Indian Entrepreneurs Are Conquering The

Finance Jamsetji Tata, Dhirubhai Ambani, N. R. Narayana Murthy, Karsanbhai Patel, T.V. Sundaram Iyengar, Sabir Bhatia, Subhas Chandra and the list goes on. What is it that all of these gentlemen have in common? These are the people who took the baton of Indian entrepreneurship to new heights and led to a shining India. As of today there might be more than a million entrepreneurs in the country. The best part is that rural India getting help from schemes like micro financing institutions and self-help groups is also joining the bandwagon of entrepreneurs. India boasts of the fifth largest economy (bigger than Russia, France, UK) in the world and the third largest in Asia. According to World Bank report in 2008, on doing business, India ranks: 79th in cross border trading 177th in contracts enforcement Despite various roadblocks and average overall entrepreneurial activity India still remains as one of the countries with highest potential for entrepreneurial activity. The GEM (Global Entrepreneurship Monitor) Report, 2002 paints a very bright picture of entrepreneurs in India . It ranks India 2nd in Total Entrepreneurship Activity. More than 50% of the startup businesses survive the initial period of 4 years. It has been accepted by all financial gurus that joining a start up are one of the best ways of wealth creation in India or any part of the world. To get rich one needs to reach a place where his potential is measurable and be able to take decisions that affect the process of wealth generation. In simple words one needs to reach a position where there is no possibility of getting paid more anyways, even by working more. Every attempt at entrepreneurship requires a sound financial plan. With the slow share market and interest on loans increasing day by day, private equity firms in India are the best bet for many companies. Due to this the private equity market in the country has grown manifold in the past few years. Of late many of the private equity managers are quitting and going the entrepreneur way in India. One of the issues that mar growth of entrepreneurs in the country is the taxation system which seems to primarily look after the comfort of the tax-collector and not the tax payer. Unnecessary effort has to be put in to understand and fulfill the needs of this system. Owing to his many companies who specialize in private wealth management also offer professional taxation services in India. About the Author: 相关的主题文章: