Young Indians Return Home to Pursue Entrepreneurial Dreams

India is witnessing a significant shift as a new generation of Indians, educated and trained abroad, are returning to their home country to pursue entrepreneurial ventures. This trend is particularly notable in the technology sector, where Indians are known for their skills in software development and IT. Young entrepreneurs like Saumya Vardhan, who returned to New Delhi two and a half years ago to launch her online venture, Shubhpuja.com, are leveraging the growth of India's economy and the accessibility of highly skilled and entrepreneurial people in the country.

Key Takeaways:

• Over the past decade, tens of thousands of young Indians have returned from the United States, Britain, and other countries to take up senior jobs in multinationals or start their own ventures.
• The qualities that catapulted Indians to the top in global companies include education, high achievement drive, ambition, comfort with diversity, and intellectual flexibility.
• In a study by YSC, a global firm of business psychologists, it was found that Indians are using these same qualities to carve out success stories at home.
• India has witnessed a dramatic transformation with economic growth averaging seven percent growth over the last decade.
• The technology sector in India is booming, with 3,500 to 4,000 start-ups emerging every year, and the government envisions over the next 10 years, India will have 100,000 start-ups, 500 to a trillion dollars of value being created, and three and a half million people being employed in this industry.
• Indian ventures such as Flipkart and Inmobi are making it to the billion-dollar club, showcasing the potential for success stories in India.
• Young Indians like Saumya Vardhan are leveraging the growth of India's economy and the accessibility of highly skilled and entrepreneurial people in the country to carve a niche in India's spiritual and religious market estimated at $30 billion.

Statistics:

• Over the last decade, India has witnessed an average economic growth of seven percent.
• The technology sector in India is booming, with 3,500 to 4,000 start-ups emerging every year.
• The government envisions over the next 10 years, India will have 100,000 start-ups, 500 to a trillion dollars of value being created, and three and a half million people being employed in this industry.
• India's spiritual and religious market is estimated to be worth $30 billion.

Sources:

• Voice of America (VOA)
• YSC, a global firm of business psychologists
• National Association of Software and Service Companies
• T.V. Mohandas Pai, former top executive at Indian technology company Infosys
• Sangeeta Gupta at the National Association of Software and Service Companies
• Saumya Vardhan, founder of Shubhpuja.com