Majority of young Indians currently working in small or mid-sized organizations plan to be entrepreneurs over the next ten years, says a recent survey by technology provider GoDaddy. Out of 1,200 respondents in India for this survey, 60 percent said that they plan to start their own venture in some years, which is significantly higher than Australia, Brazil, Canada, China, Hong Kong, Turkey, Singapore, the United States and the United Kingdom, the survey said. Some 85 percent of aspiring and current entrepreneurs in India said that they are undeterred at the prospect of failure and are relentless in the pursuit of entrepreneurial success.
The ‘Future of Work’ survey was conducted globally by GoDaddy to get insight on entrepreneurial intent, attitudes, and outlook when considering starting or running a small business.
“The emerging and newer generation of India’s entrepreneurs are embracing technology like never before. 67 percent of budding entrepreneurs say that recent technologies have created newer business opportunities and 72 percent of respondents believe that online channels are important to be attractive to their customers,” said Andrew Low Ah Kee, Executive Vice President, GoDaddy International.
About 70 percent of respondents in India mentioned that they were either employed or working when they decided to start their own business as compared to the developed economies where respondents chose entrepreneurship by choice or while they were in college.
Also, some 45 percent of respondents in the country said that work experience is most valuable, while only 12 percent believe that education gets them ready to become an entrepreneur. However, 79 percent of the Indians surveyed believe that technology has made it easier to become an entrepreneur today.