Why India needs entrepreneurs?

Why India needs entrepreneurs?

Jul 27, 2018 Business, Case Studies, Development, Entrepreneur

How entrepreneurs affect the society and economy is something that I have already spoken about.

But after having many startups and aspiring entrepreneurs in India. Does India need more of them?

I say India does need, and here are a few reasons to help you know why.

  • Creating jobs
  • Innovation
  • Government Initiatives
  • Development and Growth

Creating jobs- India undoubtedly has a high population in the working class. Unemployment being an issue here, creating jobs is what will help this growing population enhance their skill. India has a good amount of human population, but a shortage of opportunities. Startups are certainly the chance to create jobs and make the best of human resources.

Innovation- Innovation is that aspect that promises fulfilling solutions. This is the reason entrepreneurs need to come up with breakthrough ideas and make people accept them. Zomato, Paytm, Wow! Momo, Ola Cabs are the few startups that have a strong mark in the society. It is difficult to convince a stubborn audience, but amongst all the odds these brands have managed to be the need of today!

Government Initiatives- The Startup India project launched by Prime Minister Narendra Modi is an encouragement to all the Indian startups out there. It offers entrepreneurs perks such as, lower patent filing fees, freedom from mystifying inspections for the first 3 years of operation, freedom from tax for first 3 years of operation etc. This is the call that India requires more successful startups for the good.

Development and Growth- Startups and innovation are the way ahead. They are what lead to development. New strategies that startups offer, aim to make life simpler. They enhance the quality of human life, fulfill needs and contribute to mankind in several ways. So definitely there is more room for great ideas!

Are you planning to start a business? Go on! Feed your entrepreneurial mind some healthy stuff. India needs more of you.

Pramod Mehta In a career spanning for over 2 decades, I have mastered several skills. Being resilient, managing tasks, multi-tasking and consulting are my forte. Years of being a Chartered Accountant has endowed me the skill sets of being an entrepreneur. Applying my learning, with utmost diligence to every task I adopt is natural to me. I am also the founder of iShoutnow Technologies Pvt. Ltd, (www.ishoutnow.com) which is an application that lets customers discover real-time deals, discounts and offers available around them. It also lets merchants shout out their offers to customers! It is an open platform for relevant, timely and geographically local information. The application is simple, user-friendly and also offers a Do-It-Yourself method for creating adverts. With the zeal to make a difference, I believe a brilliant idea and the power of internet can enrich human life.