More and more tech-savvy young Indians, working in small or mid-sized organisations, wish to become entrepreneurs over the next 10 years, a new survey revealed on Monday.
According to the leading web hosting firm GoDaddy’s “The Future of Work” survey, 60 per cent of the 1,200 respondents in the country want to begin on their own.
“The emerging and newer generation of India’s entrepreneurs are embracing technology like never before,” said Andrew Low Ah Kee, Executive Vice President, GoDaddy International, in a statement.
The proportion of those wanting to start their own business is significantly higher in India when compared to Australia, Brazil, Canada, China, Hong Kong, Turkey, Singapore, the US and United Kingdom.
A remarkable 85 per cent of aspiring and current entrepreneurs in India said they are undeterred at the prospect of failure and are relentless in the pursuit of entrepreneurial success.
“Seventy per cent of respondents mentioned that they were either employed or working when they decided to start their own business versus developed economies where respondents chose entrepreneurship by choice or while they were in college and completing their graduate programmes,” the findings showed.
Forty-five per cent said work experience is most valuable while only 12 per cent believed education gets them ready to become an entrepreneur.
Seventy-nine per cent of the surveyed workforce believe that technology has made it easier for them to become an entrepreneur in today’s time.
Nearly 63 per cent of the future entrepreneurs believed in following their parents’ footsteps to start their own businesses and 62 per cent wanted their business to have global customers.