Global Entrepreneurship Monitor (GEM) Survey is the largest annual study of entrepreneurial dynamics in the world. GEM was conceived in 1997. IIM-Bangalore had anchored the study in India in 2001 & 2002. Subsequently during 2006-08 Pearl School of Business, Gurgaon conducted GEM-India study; however, they could not published the National Report. After four years, i.e. in 2012, India participated again in the study to probe the nature and level of entrepreneurship among different strata of the economy, in India. The GEM-India Team (led by Dr. Sunil Shukla, Director-EDII), comprising EDII, Indian School of Business, Hyderabad and Institute of Management Technology, Ghaziabad published two reports, i.e., in 2013 & 2014.
On April 11, 2015, the new GEM India Consortium was formed and a Memorandum of Understanding (MoU) was signed to this effect at EDII. The three Institutions that comprise the Consortium are; EDII, Ahmedabad, Centre for Entrepreneurship Development, Madhya Pradesh and Jammu & Kashmir Entrepreneurship Development Institute, Srinagar. EDII was once again designated as the lead Institute and the Dr. Sunil Shukla, as leader. A team of seven researchers has been constituted to take the onus of this task.
Observations: GEM 2015-16 Report
68% of working-age adults, from 60 participating economies, assigned high status to entrepreneurs in their societies; 61% believed that entrepreneurs receive positive media recognition. In the factor-driven and efficiency-driven economies, two-thirds of adults, on an average, considered entrepreneurship to be a good career choice. In the innovation-driven economies, 53% held this belief.
42% of working-age adults in participating economies saw good opportunities around them for starting a business, but a little more than one-third of them felt constrained to start a business due to fear of failure. More than half of the working-age population felt they have the ability to start a business. In India 37.8% of adults perceived good opportunity for starting a business and felt that they possessed the ability to start a business. However, 44.0 of Indian youth reported that they were gripped in fear of failure when it came to starting a business.
Average Total Entrepreneurial Activity (TEA) rates tend to be the highest in factor-driven group, decreasing with higher levels of economic development
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