Business Environment in India and Entrepreneurship

Doing business in India as just business seems to have become something inferior and politics and business has become two sides of same coin although they simply are not same coin. In the recent times, we have seen so much bad incidents taking place in business world of India. There have been so many revelations about the relationships between businesses and the politics in one way or other.

There was 2 G scam sometimes back this year that had huge negative impact on the business environment in which people like Mr. Ratan Tata and Reliance ADAG became party. Then Mr. Jagan from Andhra Pradesh was said to have made money because his father’s political influences and now it is time for Bellary’s Reddy brothers.

In all the above mentioned cases there had been huge involvement of political persons as well as businesses. These people have used money and politics as tools to promote their business interests in this country. This sends some very bad impression on business community, international investors and sentiments of the markets.  

Land, labour, capital and entrepreneur are the four most important factors or production for any nation in this world. India as a country has labour and land in huge abundance but when it comes to capital and entrepreneurs India lags behind many countries in this world. Even capital can be managed in India but what about the entrepreneurship. India already does not have entrepreneurship friendly policies to promote trade and business in new entrepreneurs.  

Entrepreneurship is the only way for rapid and inclusive growth and development of India. With the help of entrepreneurs only, India as a nation can be able to provide jobs to huge working labor. What we boast about the huge working professionals in this country can backfire if not managed properly by providing right opportunities to work and engage. But the current developments in context of business and politics relationships, the motivation and inspiration level of entrepreneurs are bound to fall.  

Entrepreneurs want to have a free flow of business and they don’t want to run around the political bosses or bureaucrats. But the current episodes reinforce the sentiment that only those people can succeed in businesses who have huge political support and capital.  The increasing corrupt and unethical practices by India Inc. will harm the growth and development story on which India is riding.