Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

‘Farmers, vendors exhibit more entrepreneurship than Indian corporates’

by | May 25, 2021

Bibek Debroy

Bibek Debroy

Kolkata : India’s small farmers and street vendors are exhibiting far more entrepreneurship than the country’s corporate sector, Bibek Debroy, Chairman of the Prime Minister’s Economic Advisory Council, said here on Friday.

“Entrepreneurship cannot be taught but skills can be taught… let me tell you a small farmer exhibits far more entrepreneurship than the Indian corporate sector does. Let me remind you that the poor vendors on the streets of India are exhibiting far more entrepreneurship than the Indian corporate sector does,” he said while addressing the Sixth Convocation of IMI-Kolkata.

He said one cannot encourage entrepreneurship without encouraging failure.

“We all think of successes of entrepreneurship; 95 per cent of entrepreneurial attempts failed,” Debroy said.

Debroy, a member of NITI Aayog, also spoke of the need for the Indian education system
to facilitate or provide an enabling environment for entrepreneurship.

“…(there is a) huge question mark about whether Indian education system at all facilitates or provides enabling environment for entrepreneurship,” the economist said.

When Prime Minister talks about Start Up India and Stand Up India, it is not about the corporate sector but is about entrepreneurship, he said.

Referring to an IMF report released after India opened up the economy in 1991, he said it had suggested it would take 153 years for a country like India to halve the gap in per capita income that exists with the developed countries.

“The lesson of the last couple of decades has been that there is no need to wait for 153 years,” he said.

—IANS

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

IIM Raipur’s New MBA Batch Begins Its Leadership Journey

IIM Raipur’s New MBA Batch Begins Its Leadership Journey

Raipur, (Press Release)Indian Institute of Management (IIM) Raipur, a leading institution recognized for #BuildingBusinessOwners, hosted the Inauguration and Orientation Program for the MBA Batch 2025–27, marking the beginning of a transformative academic journey...

Hyderabad: A Thriving Hub of Opportunities, Business, and Innovation

Hyderabad: A Thriving Hub of Opportunities, Business, and Innovation

Maeeshat News Network | Hyderabad Hyderabad, the capital city of Telangana, India, has emerged as a dynamic powerhouse of opportunities, business, and innovation over the past few decades. Known historically for its rich cultural heritage, architectural marvels like...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *