India is definitely the hub of entrepreneurs worldwide. More than 100 companies start every year, irrespective of the fact most of them do not survive the competition, and die out sooner. But one cant deny the fact that people in INDIA are more risk-taking. Especially the disntinct ‘marwari’ class, here where people make it as a status symbol, and take pride in doing business.

According to research, INDIA ranks second in terms of innovation and the entrepreneurial viewpoint or approach. The list is led by Thailand and to my utter surprise the last name is JAPAN. Who would beleive that? Even US,Germany, UK are in the middle league of the race. But the concept in INDIA is also changing today. People are encouraging their next generation to look for service options. They find it more lucrative, more ‘relaxed’ (god knows how!) and a much more safer and secure life. It is indeed a fact that majority population of INDIA is in the service industry, taking INDIA to the global positions.

A lot depends on many other factors in constituting this. For example, the background of the parent, the approach of the individual, the friend circle, he’s bred in (one of the most important fctors), the people you stay with, your upbringing, the education today plays a very important role today and faces a serious challenge in creating more successful, powerful leaders.

The role of entrepreneurs has to be clearly understood in the present scenario. A distinct difference between an entrepreneur and a businessman has to be drawn. Working as a manager and working for a manager is a lot different. Then again individuals have their own ideologies. I have friends of all kinds. Versatility is the best traits! But you never choose your friends based on whethers hes doing service or is a businessman. However interestingly you can always strike a disticnt difference of opinions between both types and contrast them to each other. Thats what amazes me, and supports my personal effectiveness of being an entrepreneur!

Innovation is the key to sustainability today, in any regional or global scenario. One has to understand that managers or employees who think innovatively have the traits of an entrepreneur. What lacks in them, or resists them from achieving that is RISK taking ability. This can again be attributed to the fact that the person has never had an opportunity to take risk, or has never taken an initiative. And India was ranked 2 in a research for people with most innovative thinking. I beleive this is true in a context because the kind of development India has had in the past 5-10 years is beyond what we dreamt of, and also in the future its gonna be a super power by 2010. Cheers to Indian Entrepreneurs and the workforce of INDIA!