by ANJALI RAVAL
Everyone in India is a businessman, from the roadside stall owner selling snacks, to the country’s corporate elite such as the billionaire magnate Mukesh Ambani. In fact, the country is said to have the highest number of entrepreneurs in the world.
But only a small percentage of these businessmen and women are leading the country’s growth through innovation and new ideas on a big scale. The majority of India’s traders work in privately run businesses and their number, in a population of 1.2bn people, is difficult to estimate.
Indian Institutes of Management (IIM) were established to create a pool of the best and brightest individuals who would foster development, creating a growth story for India that would include every individual from the top to the bottom of the pyramid. But even among graduates of these schools, arguably the most qualified and best placed in society to become entrepreneurs, few go on to do so.
FT for more
(Thanks to reader)