This “demographic dividend” is seen as an inevitable advantage provided prerequisites such as skillupgradation and sound governance to realize it are put in place. More important, the demographic transition is likely to be stretched over a longer period since States in India are at different stages of such transition from Kerala to Uttar Pradesh. Fifth advantage is India’s business culture.
In terms of business environment, the impressive growth coupled with market orientation of the economy has been a bottoms-up exercise, with a very broadbased growing entrepreneurial class. These tendencies are perhaps reflective of a penchant for innovation among growing entrepreneurial class in India, imbued with professionalism and seeking to be globally competitive.