Entrepreneurship & Global Competitiveness: A Study on India
Published: 2012
Author(s) Name: Subrata Dutta
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Abstract
World Economic Forum (WEF) has
ranked 139 countries in 2010-11 in
order to assess each country’s global
competitiveness. The assessment
has been made on the basis of 12 pillars,
further classified under: ‘basic
requirements’ (four pillars), ‘efficiency
enhancer’ (six pillars) and ‘innovation
and sophistication factors’
(two pillars).India is significantly
lagging behind in ‘basic requirements’
as far as its global competitiveness
is concerned. In only ‘national
savings rate’ within the 3rd pillar
(macroeconomic environment)
under ‘basic requirements’, India is
found to be highly competitive (rank
9). In the 10th pillar, (market size) India
ranked as high as 4. In order to
promote entrepreneurship as well as
industrialisation, India needs to pay
close attention to other areas, e.g.,
infrastructure, government debt, inflation,
health and primary education,
and higher education.
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