Why Budding Entrepreneurs Should Look at India?

India is emerging as a hotbed for entrepreneurship activity. With a large number of startups and startup funding in recent times, the ecosystem has come a long way and is set to explode in the years to come.

Some reasons I feel which make India very attractive are as below.

English Speaking: English language is used by a large part of the population.

Big Population: This has to be the biggest reason. India with it’s huge and ever growing population has immense potential in the domestic sector.

Big Ratio of Millennials: The population has a high ratio of millennials, who are generally quicker to adopt new startup models.  

Largely Unorganized: Since a large part of the population still lives in Tier 3,4 cities and rural areas, startups have not yet been able to tap into this opportunity in an organized way, thereby presenting an amazing space to look for opportunities.

Less Competition: Since the startup ecosystem is relatively nascent, we still do not have very aggressive competition, leaving aside a few spaces. A lot of scope of innovating and improving on current players exists in many markets.

Owing primarily to the size, demographics and stage in the growth curve, India is a market which budding entrepreneurs should look at very seriously.