Widespread corruption, government hurdles, lack of funding and poor technology and training have resulted in low efficiency and high start-up costs in India, making the country the worst for entrepreneurship in Asia, according to a Gallup poll.
Willingness to take the risk of running a business is not a common trait among Indians
The survey, however, noted that India has an abundant reserve of entrepreneurial talent. It found that business thinking, optimism and persistence – all important for entrepreneurs — are common traits among Indians. But it found that the willingness to take the risk of running a business is not a common trait among a majority of Indians.
