GEM India 2014 Report
GEM Study 2014 found that in India,4.1 per cent of adults are “nascent entrepreneurs” (actively involved in setting up a business), while 2.5 per cent are “new business owners” (in operation for more than 3 months but less than 42 months). Combining both these rates gives us the Total Early-stage Entrepreneurial Activity (TEA) rate, meaning that 6.6 per cent of the Indian adult population—or 1 in every 14 adults—is engaged in some form of early-stage entrepreneurial activity. The National Experts’ Survey reveals while the Indian economy is dynamic and the overall business climate good, there is a need to develop entrepreneurship on the margins of society to achieve inclusive growth. Furthermore, to improve levels of business sustainability, systems of entrepreneurial education, training, and development must be put into place. Comparing the perceptions among male and female respondents, fear of failure, which prevents individuals from starting a business, is similar (51% for males and 48% for females). However, female respondents have lower scores on perceived capabilities (43%) and perceived opportunities (41%) than their male counterpart.