56 per cent of the respondents are considering leaving their current job to start their own business.
A majority of the Indian workforce wants to be an entrepreneur at some point of time in their career. According to a survey by Randstand Workmonitor, 83 per cent vouch for this with 81 per cent men and 85 per cent women in support. Globally, 53 per cent of the respondents feel the same way.
It is interesting to find that the entrepreneurial ambition among the Indian workforce is highest with 56 per cent of the respondents considering leaving their current jobs to start their own businesses.
The point to note is that 72 per cent of the respondents in the age group of 25–34 years are most ambitious about starting their own business, but only 37 per cent from the age group 45–54 years want to do so.
While there is always a fear of being rendered jobless, when asked what they would do if they actually lost their jobs, 67 per cent said that they would start their own company. It was found that although 76 per cent of the respondents vouch for entrepreneurship, they feel that the risk of failure in their entrepreneurial journey would be too big for them.
86 per cent of the respondents feel that India has a favourable startup ecosystem and 84 per cent indicate that the Indian Government supports and provides a conducive environment for new startups. At the same time, 80 per cent of the respondents believe that small businesses are finding it hard to survive due to globalisation.
The survey also looked at where the employees prefer to work—SMEs, MNCs or startups? It discovered that 84 per cent of the respondents prefer to work for an MNC, with 85 per cent of men and 82 per cent of women admitting a similar preference. At the global level, 55 per cent of the respondents preferred MNCs. 76 per cent of the Indian workforce indicated their preference for startups, while 69 per cent were inclined towards SMEs.