India has always suffered because of the Brain Drain and high rate of drop outs. When we mention drop outs we are not referring to the ones from the league of Steve Jobs and Bill Gates, we are indeed talking about people, who were coaxed to leave education because of weak financial background.
Indians have always embraced entrepreneurs; you may not find entrepreneurs in the classroom of a premiere institution but you will find courageous entrepreneurs on the streets of India. Read famous books by Rashmi Bansal and you will have an idea how street hawkers have leveraged India with prestigious brands and food chains.
With the emerging technology and broadening mindset, entrepreneurship has taken the speedy lane in India. Parents are now open about their kids pursuing entrepreneurship as a career. It is a proud moment for India to be the Third Largest Startup Community in the world with a huge investment of $100 M every week.
Entrepreneurs from varied educational background and work culture has inspired the youth of India to rise and do something they always wanted to do. Be it dynamic Varun Agarwal or the Sophisticated Kishore Biyani, each one of them have helped Indian youth in dreaming big.
How the changing face of Entrepreneurship is Impacting India?
Foreign Direct Investment: As mentioned Indian startups acquire a foreign investment of $100 M every week. This is not only helping India increase its foreign currency reserve but also helping the ever-stuck Indian Economy.
More and More Jobs: Yes! It is true that Startups hire 1000 employees and then end up firing 300; still at the end of the day 700 new jobs were created.
Amusing Fact: One Flipkart Warehouse creates 30,000 direct jobs and 18,000 indirect jobs. Imagine how many jobs these startups will be creating once the number of Internet users in India increases.
Breaking Stereotypes: It is not only unemployed who have benefited from these growing communities. A lot of talented bloggers, designers and web developers have also found the requisite motivation and resources to make a living.
The changing educational pattern: suddenly the realization of external education has dawned upon people and it is only a matter of time that people will see new world emerging. The financial books and the stories of successful and failed entrepreneurs are going to inspire the contemporary youth and will also fuel them to go ahead and make their dreams a reality.
Quality services at affordable rates: A series of studies have shown that NCR and Bengaluru are going to be the cheapest cities to live in near future. The new breed of startups is not only solving problems eloquently but they are also bringing the cost by leaps and bounds. Laundry, food delivery and medical services provided by technology driven startups are helping people lead a better life at minimum cost. It is only a matter of time that people from the remotest corners of the country are going to get inspired and create something similar.
The future is here, what we are referring as innocuous entrepreneurs today, will turn out to be the successful businessmen of tomorrow. Country heads from around the world will line up to meet these young guns of India and seek investment from them.