As a result, premier engineering institutes such as the Indian Institutes of Technologies (IITs) have become mere training grounds for foreign job aspirants! There may be only a few IITians who could successfully streamline their acquired skills and inherent intelligence to establish themselves as first line indigenous entrepreneurs!
In such a scenario, no business man could possibly survive in India without bowing their heads before the bureaucrats! The bureaucrats usually get the laws and the regulations drafted and approved by their political supremos giving much leverage for themselves. This necessitates scores of governmental approvals to start any business. Obviously, such approvals do not come forward so easily unless the potential business promoter is willing to spend and bend! At least that is what the common perception in India has come to mature!
What are the essential things for doing any business in India?
Profit alone should not be the motive for business for the young Indian entrepreneurs. They should think of such businesses that would be a useful help to their customers and clients. They should learn to do business without cheating or without breaking the laws. They should device their companies which gives a win-win platform for all the stake holders-to themselves, their share holders, their clients, the government and the general public. They should not allow their companies to be operated under the motives of greed. When this becomes the fundamental guiding principle, there is absolutely no reason that their venture would not succeed!
How to know the essentials of setting up a business in India?
The following are some links that give much information for those who are desirous of becoming corporate entrepreneurs rather than mere job seekers:
1. The official business portal of India
2. The online business guidance portal startbizindia
3. Steps for New Company Registration: India
4. How stocks and stock markets work?
5. Indiafilings- Online assistance provider for starting business
Best wishes to all potential businessmen and women of India! May your efforts bring prosperity!