MSMEs – Growth engines & Pride of the Country
But luckily there is a shift in our intellectual and enterprise segment of the Country. This trend is more visible in India’s success in IT services in the 90s, which inspired more people to follow a similar path. A quote “It’s capitalism from below, driven not by government intervention and policies but led by entrepreneurs who can then organise and work collaboratively with the government. We need to see how to get more entrepreneurs in India who are successful and can be inspiration to others,”
Besides this, the cultural factors also assume an all-important role in determining the road ahead. For instance, in Bangalore, the mindset is more driven towards starting a business as opposed to other parts of the country where the priority is to get a government job.
Culture makes a difference. The most important thing in Bangalore or Gurgaon is that people don’t care what you are or which caste you belong to. But you are encouraged to invent, tinker and innovate. These cultural factors are very hard to replicate, which is why we have such few cities with a thriving ecosystem
Creating more ecosystems
In order to activate the growth cycle then for SMEs in India, it would be imperative to have more cities and towns where ecosystems exist to amp up the sector.
Government should send Counsellors for propagating this ideology in all Schools across the country. Take the help of NGOs in Education and other sectors to inject the idea into the Young minds of India of Invention, Tinkering, Enterprising as a pride of Nation rather than just earning quick bucks. more
CID, ACB, CBI, , ED, IRS, IAS IPS together to Review their Performance to the Country AND SINCERELY, SERIOUSLY WORK WHOLE HEARTEDLY FOR INDUSTRIAL DEVELOPMENT since this only builds up and Uphold GDP as well as Living Standards of Increasing YOUTH AND POPULATION . more