A majority of Indian workforce prefers to be entrepreneurs

As being your own employer provides more exciting opportunities, 83 per cent of the Indian workforce says they would love to be an entrepreneur, reveals the findings of Randstad Workmonitor survey. A vast majority of male (81 per cent) and female (85 per cent) respondents said this and globally, 53 per cent of the respondents had this opinion. Also, according to the survey results, entrepreneurial ambition among the workforce is highest in India, with 56 per cent of the overall survey respondents indicating they are considering leaving their current job to start their own business. This preference does not change regardless of the gender.

However, it is interesting to note that workforce in the age group of 45-54 years (37 per cent) are hesitant to start their own business as compared to the workforce in the age group of 25-34 years (72 per cent) and 35-44 years (61 per cent). Sixty-seven per cent of the respondents said if in case they actually lose their current job, they would like to start their own company. On the contrary, though 76 per cent considered entrepreneurship to be really attractive, they thought that the risk of failure is too big for them. Eighty-six per cent of the respondents indicated the ecosystem to run a start-up was favourable in India and 84 per cent were of the opinion that the Indian government actively supports new start-ups and provides a favourable entrepreneurial climate. Eighty per cent respondents from India also agreed that due to globalisation, small businesses have a hard time surviving now. A vast majority of 84 per cent prefers to work for a multinational company, reveals the survey.