Indian Entrepreneurs
India with almost all its resources and is booming with upcoming entrepreneurs. We get to read success stories of successful entrepreneurs now and then. With the trend of entrepreneurship catching speed today, every aspirant in today’s market aim to plan and flourish their name and brand with a bang.
Many people use entrepreneur and small business owner synonymously. Where as in reality there lies difference in both. The things that differ among them in par are speed of wealth creation, amount of wealth creation, risk and Innovation
With a population of 1108 million people at present to 1269 million by 2016, the economy is booming with the proliferation of entrepreneurial opportunities and free enterprise.
With the 1991 reforms there emerged a new India, an India of new ideas and vision for its future. This India was a hub of business possibilities and innovation. There were technocrats, IT professionals, educated and not so educated but enterprising people all waiting to venture in to the new market arena. Thus was born the new India.
India’s projected economic prosperity is likely to be spearheaded by a real GDP growth of 8-9 per cent with a possible annual per capita income of Rs. 50,000 by 2012. This macro growth would entail significant sub trends like a increase in high-income households, led primarily by urban India.
Between 2005-06 and 2013-14, the number of households with annual income greater than Rs. 12 lakh will grow nearly fourfold. Within this band, there are 3.4 million households with an income in excess of Rs 24 lakh at 2005-06 prices. This segment is likely to include more than 15 million people, greater than the population of Denmark, Finland and Ireland put together.