83 pc of Indian workforce would love to be entrepreneurs: Survey

Sakal Times
Monday, 14 August 2017

According to the survey, entrepreneurial ambition among the workforce is highest in India, with 56 per cent of the respondents indicating they are considering leaving their current job to start their own business. This preference does not change regardless the gender

Pune: As being your own employer provides more exciting opportunities, 83 per cent of the Indian workforce say they would love to be entrepreneurs.

This was revealed in the Randstad Workmonitor Survey, which is conducted online among 400 employees aged 18 years to 65 years from 33 countries, working a minimum of 24 hours a week in a paid job.

A vast majority of male (81 per cent) and female (85 per cent) respondents said this and globally, 53 per cent of the respondents had this opinion.

“According to the survey, entrepreneurial ambition among the workforce is highest in India, with 56 per cent of the respondents indicating they are considering leaving their current job to start their own business. This preference does not change regardless the gender,” the report stated.

Those in the age group of 45 years to 54 years are hesitant to start their own business compared to those 25 years to 34 years and 35 years to 44 years.

Presenting the survey insights, MD & CEO, Randstad India, Paul Dupuis said, “A stable business environment, market oriented reforms like raising of FDI caps, implementation of GST and key initiatives like Make In India and Digital India are fostering a new aspiring and ambitious Indian. One who is eager to create and nurture his or her own venture rather than join a company. This shift is reflected in our survey findings and augurs well for the country’s growth agenda. A robust SME ecosystem driven by aspiring entrepreneurs has historically seen higher growth for the formal sector, and has a knock-off effect on the evolution of other companies in the ecosystem.”

He, however, stated the need to address critical bottlenecks that act as deterrents. “Improving the ease of doing business, the passage of labour-friendly reforms and bridging the skill gap deficit will enable a conducive entrepreneurial ecosystem while helping larger organizations make the most of India’s enviable demographic dividend,” he added.

 

 

Related News