India is battling a fear of failure which is preventing individuals from acing the field of entrepreneurship writes Dipak Banerji.
In an article titled, 'How To Stop Worrying and Love Failure', Mr Rajan Anandan, Vice President and MD of Google India Ltd, had something interesting to say. He wrote, "Asia, as a region had the highest fear of being an entrepreneur and India, is no different from anywhere else. Almost 40 per cent of potential entrepreneurs in India don't set up their businesses because they are worried about failure. In Sub-Saharan Africa, only 20 per cent of people surveyed said they were afraid to fail. When did India become a less scary environment than Africa? That fear explains why we Indians avoid being entrepreneurs and why we must change. Ironically, there has never been a better time to set up a business in India."