India growth story – Amid the global
market crash and volatility, India continues to be a favorite among the
investors, both domestic and foreign. “India accounted for only 3.7% of the
total loss of $12 trillion which world markets have suffered from their 2015
peaks”, said an ET report. RBI Governor Raghuram Rajan says India is no more a
part of the clubs like ‘fragile five’ or ‘troubled ten’ and what that
translates to be that the India growth story is here to stay and the
opportunities are countless.
Sectors – While India is a land of
opportunities now, there are few sectors in particular which are driving the
growth story. Telecom, Engineering, Transportation, IT, Banking, Insurance,
Real Estate and Retail are the sectors that hold a very high potential for
growth. These sectors not just play an important role in improving the economy,
they also in turn help grow other sectors thus leading to an all-inclusive India
growth story.
Opportunities for entrepreneurs – An emerging
market, India, where the growth story has ample opportunities for the job seeker,
doors are open for entrepreneurs as well. There are many factors at work which
helped pave the way for entrepreneurs and made entrepreneurship
a way to make the dreams come true for many a dreamers.
Increasing demand for variety – With the
increase in disposable income in the hands of consumer, the consumer now
demands variety in almost anything that he/she encounters. This never ending
want and need for variety is a boon entrepreneurs as they think of newer and
better ways to present a service to the consumer.
Services sector – The tertiary sector
has seen a lot of development over the last few years and the continuous
expansion of the sector has seen many entrepreneurs diving into it with various
ideas – we now have numerous start-ups in the services sector especially in the
IT, Financial services, tourism among others.
Government help – There is a lot of
support available from both the Central and State Government when it comes to
entrepreneurs whether it is in the form of incentives, subsidies, tax breaks,
giving grants et cetera.
Increased flow of information – Internet
is now an important source of information for almost anything whether the user
is a student, an intern, a new employee, employer, school or college or any
academic institution, a trade body, a research institution et cetera. There is
all sorts of information available online and therefore it has also become one
of the most important source for the employers/ entrepreneurs to make their
presence felt online.
Easier access to resources – With the
advent of IT and telecommunications, it is now easier for entrepreneurs to
search and access various resources they would require for smooth running of
the business whether it is raw material or debt and equity finance.
Courses and resources for entrepreneurs – With entrepreneurship on the rise, there are now structured
courses and resources made available to them to help with their journey on
becoming a successful entrepreneur. Indian Institute of Entrepreneurship - Entrepreneurship
Development Institute of India (EDI)
Dissatisfaction with the job –
Employees are no longer scared of the unknown as against the traditional view
of the job and as a means to provide security and act as a safety net for the
family. Employees now are more open to feed their entrepreneurial instinct.
No comments:
Post a Comment