Most of the people however fail in order to see beyond the rat race.
The world has however started accepting India thus as a major player in the global
economics. Analyst and also the Industry veterans generally prophesize India to thus be a
major power of the future. This is thus still a distant dream because India however has a
humungous youth population which is thus of 300 million with thus just 100 million jobs in
her pocket. The million dollar question which is in everyone’s mind is that which industry
has got the nerves in order to absorb a workforce of this scale. Thus, the only rational
answer to this problem is however entrepreneurship which in itself however comes with a
new set of challenges.
India however has one of the most vibrant startup scenes which is thus in the world, but
when it however comes to innovation and also building industrially the sustainable ideas,
the country however lags behind. The country thus also fares poorly in the innovation
indexes globally and also as rightly pointed out by Narayan Murthy sometime back, that as
a nation we have however failed to deliver any ‘Earth Shaking’ idea in the last 60 years.
“If we however want to become real a product innovators we will however have to focus on
the need and the market and also , the truth is we however still haven’t made world class
products that can thus compete with the best technologies across the world.
The purpose of this article however is to make the readers aware of the fact as to why the
Indian entrepreneurs unable to innovate.
The following are thus the reasons :
1. Lack in the B2B market focus
This vicious circle which is of funding and investors in India is thus largely limited to the
B2C markets where one expects quick returns. Most of the ideas however tend to get
saturated after a point in this sector while there is thus no real solution for the large scale
problems.
The country’s startups have however gone on in order to achieve the international fame
because it is thus focused on the need of the market and also there is heavy focus on R&D.
“The R&D which is in the countries like Israel is thus ‘mission critical’ and also not ‘low
level’ like India. This however gives the international players the chance to ignore India
anytime as the innovation and research if shut here is thus less likely to have any kind of
direct impact on the operations.
2. Paucity of funding for long-term ideas
The structure which is of funding the startups and businesses in this country thus has a
narrow and also short-term goal . While the science-tech ideas that thus have the potential
in order to become world class do exist, lack of on going term funding for these ideas is
thus considered as a major concern. To top it the typical Indian marketplace has thus
however always had a bias for ‘more for less’ and hence the incentive for a small business in
order to invest in the new technologies thus becomes constrained.
“It’s thus not that we don’t however have the manpower or the funding, but rather the
willingness in order to invest in such long-term programs is thus missing in the Indian
entrepreneurs.
3. Culture of emulation
By and large however most of the biggest startups in India have however been the
borrowed ideas. Be it e-commerce, transport aggregators or either in hyperlocal services.
The world has however started accepting India thus as a major player in the global
economics. Analyst and also the Industry veterans generally prophesize India to thus be a
major power of the future. This is thus still a distant dream because India however has a
humungous youth population which is thus of 300 million with thus just 100 million jobs in
her pocket. The million dollar question which is in everyone’s mind is that which industry
has got the nerves in order to absorb a workforce of this scale. Thus, the only rational
answer to this problem is however entrepreneurship which in itself however comes with a
new set of challenges.
India however has one of the most vibrant startup scenes which is thus in the world, but
when it however comes to innovation and also building industrially the sustainable ideas,
the country however lags behind. The country thus also fares poorly in the innovation
indexes globally and also as rightly pointed out by Narayan Murthy sometime back, that as
a nation we have however failed to deliver any ‘Earth Shaking’ idea in the last 60 years.
“If we however want to become real a product innovators we will however have to focus on
the need and the market and also , the truth is we however still haven’t made world class
products that can thus compete with the best technologies across the world.
The purpose of this article however is to make the readers aware of the fact as to why the
Indian entrepreneurs unable to innovate.
The following are thus the reasons :
1. Lack in the B2B market focus
This vicious circle which is of funding and investors in India is thus largely limited to the
B2C markets where one expects quick returns. Most of the ideas however tend to get
saturated after a point in this sector while there is thus no real solution for the large scale
problems.
The country’s startups have however gone on in order to achieve the international fame
because it is thus focused on the need of the market and also there is heavy focus on R&D.
“The R&D which is in the countries like Israel is thus ‘mission critical’ and also not ‘low
level’ like India. This however gives the international players the chance to ignore India
anytime as the innovation and research if shut here is thus less likely to have any kind of
direct impact on the operations.
2. Paucity of funding for long-term ideas
The structure which is of funding the startups and businesses in this country thus has a
narrow and also short-term goal . While the science-tech ideas that thus have the potential
in order to become world class do exist, lack of on going term funding for these ideas is
thus considered as a major concern. To top it the typical Indian marketplace has thus
however always had a bias for ‘more for less’ and hence the incentive for a small business in
order to invest in the new technologies thus becomes constrained.
“It’s thus not that we don’t however have the manpower or the funding, but rather the
willingness in order to invest in such long-term programs is thus missing in the Indian
entrepreneurs.
3. Culture of emulation
By and large however most of the biggest startups in India have however been the
borrowed ideas. Be it e-commerce, transport aggregators or either in hyperlocal services.
Programs like Make in India, Startup India, also, the setting up of the Intellectual Property
Facilitation Centres and also the other incubation programs have however failed in order
to create substatntial innovative ideas.
"Problem and the need based areas such as social mobility innovations, aricultural
technology, sanitation, alternative energy, waste management however thus more have huge
scope for the inventions but however not much is thus being done in these areas
Facilitation Centres and also the other incubation programs have however failed in order
to create substatntial innovative ideas.
"Problem and the need based areas such as social mobility innovations, aricultural
technology, sanitation, alternative energy, waste management however thus more have huge
scope for the inventions but however not much is thus being done in these areas
4. Moving beyond outsourcing
Given the current market scenario, making of the world class products for the large scale
solutions thus requires moving beyond the service and also outsourcing tag that India
however has achieved. One such change is thus the need in order to depart from however
being labeled as the ‘back office’ country.
“We should thus all however be sick and tired of thus being called as the back office of the
world. We thus need a combination of ideation, innovation and also invention in order to
make an impact on the global footprint of the large scale solutions. Thus, while the
government can however facilitate and also encourage the process, it is thus the industry
and its leaders who however need in order to drive the growth for such kind of innovations
in order to establish India as one of the top innovators in the world.
However a ray of hope is however seen through the population which India has. This
colossal population which is thus of over 1.15 billion not thua only poses huge challenges
for the country but also at the same time opens the golden door of opportunity. A third of
India's population was however below 15 years of age in 2000 and also close to 20 per cent
was thus in the 15-24 age group. It is thus however expected that in 2020, the average
Indian will thus be only 29 years old, when it is compared with 37 in China and also the US
and 48 in Japan. This thus however ensures that India in no way can thus fall short of the
manpower in the next few decades and this can thus also sustain India’s growth story in the
long run.
Given the current market scenario, making of the world class products for the large scale
solutions thus requires moving beyond the service and also outsourcing tag that India
however has achieved. One such change is thus the need in order to depart from however
being labeled as the ‘back office’ country.
“We should thus all however be sick and tired of thus being called as the back office of the
world. We thus need a combination of ideation, innovation and also invention in order to
make an impact on the global footprint of the large scale solutions. Thus, while the
government can however facilitate and also encourage the process, it is thus the industry
and its leaders who however need in order to drive the growth for such kind of innovations
in order to establish India as one of the top innovators in the world.
However a ray of hope is however seen through the population which India has. This
colossal population which is thus of over 1.15 billion not thua only poses huge challenges
for the country but also at the same time opens the golden door of opportunity. A third of
India's population was however below 15 years of age in 2000 and also close to 20 per cent
was thus in the 15-24 age group. It is thus however expected that in 2020, the average
Indian will thus be only 29 years old, when it is compared with 37 in China and also the US
and 48 in Japan. This thus however ensures that India in no way can thus fall short of the
manpower in the next few decades and this can thus also sustain India’s growth story in the
long run.
This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST software, GST Return Filing, GST Registration, Section 8 company registration, Nidhi company registration, IEC registration
Comments
Post a Comment