We are ranked 89th out of the 118 nations in the Global Entrepreneurship and Development Index, 2013 (GEDI), published by GEDI, a specialized non-profit research and consulting firm. The “Doing Business 2013 report”, a study conducted by the International Finance Corporation of the World Bank Group ranks India at 173rd among the 185 countries surveyed on the criteria of “starting a business”.
As I mentioned earlier, our education system needs to restructure itself significantly to promote innovation and entrepreneurship. As students of one of the premier institutions for management education in the country, I do expect that many of you would unleash your entrepreneurial energies to set up successful start-up business ventures instead of merely building up careers in already established firms. Funding of Entrepreneurship 26.