Category: Entrepreneurship

Only 5% of adult Indian population successfully establish own business, says GEM India Report

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Only five percent of the adult Indian population engaged in “early-stage entrepreneurial activities”, establish their own business, making it one of the lowest rates in the world, finds Global Entrepreneurship Monitor (GEM) India Report 2016-17.

The survey which was conducted among 3,400 respondents aged between 18 and 64 years stated that only 11 percent of India’s adult population was engaged in “total early-stage entrepreneurial activity (TEA), out of which, more than 50% have low-growth expectation.

The report prepared by Gandhinagar-based Entrepreneurship Development Institute of India (EDI) and its associates also suggested that the business discontinuation rate of the country is among the highest, 26.4 percent. In 1.3 percent cases, bureaucratic hurdles led to the discontinuation.

Whereas, seven per cent of businesses failed due to financial crisis, 6.5 per cent due to personal reasons, 16.9 per cent because of lack of profit and 58.4 per cent due to ‘other’ reasons.

According to the report, around 4 percent of the population accounts for “nascent entrepreneurs” who are believed to be active in setting up businesses. Whereas, seven 7 percent are the owner-managers of businesses existing for less than 3.5 years.

Among the BRICS economies, Brazil has the highest numbers with 17% established business ownership rate and South Africa, the lowest with 3 per cent.

China has a slightly higher rate of 8 per cent.

(With inputs from PTI)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Targeting Rs 1000 cr topline by 2020 from consumer business, says Prabhat Dairy

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Prabhat Dairy is looking at Rs 1,000 crore topline from consumer business and Rs 2,000 crore from total business by 2020, said Vivek Nirmal, Joint MD of the company.

Nirmal said that the milk prices have corrected 15 percent in last one year.

When asked about private equity investors, he said “I am not aware of any private equity investors looking to exit company.”

The promoters of the company are claimed to be holding more than 50.1 percent stake and reportedly have no plans to sell stake in the company.

“We expect Rs 250 crore topline from cheese business over next one year”, Nirmal mentioned.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Exports cannot improve if states don’t participate: Suresh Prabhu

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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A three day Global Investor Summit, Magnetic Maharashtra Convergence 2018 was held on Feb 18th and 20th in Mumbai.

Lauding the Maharashtra government’s objective of focusing on export oriented industrialization, Commerce Minister Suresh Prabhu said, “I had called a meeting of trade ministers, chief ministers to discuss how states can drive exports of India. If the states don’t participate in it, it is not going to happen in a big way. I am happy that Maharashtra is the leading exporter of goods and services but I want to see the state playing an even bigger role.”

The minister said that apart from production, there are two other major factors required for better exports which are transport connectivity as well as digital connectivity.

The objective of the summit was to attract business investments, both global and domestic so as to transform the state’s economic landscape and in the process, achieve government’s vision of making it a trillion dollar economy.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow