Let's hope breakthrough big deals and innovative enterprises spring out of this momentum. But, I am not in agreement with Sramana about few things: Entrepreneurism is not in short supply in India. I see an increase by multiple times in terms of aspiring entrepreneurs in India, and while I agree that she is right in terms of lack of marketing mindset amongst Indian setups, it is changing fast. Mostly what I see is that lack of capital had been a major reason.
The scene is changing fast. I now see many India-based entrepreneurs going around with brimming ideas, but the fact remains that VC’s are not so forthcoming in funding ideas as we see in the US market. This is understandable as they are in a new terrain. We are not hearing of VC’s closing deals in India all that fast as we see elsewhere. I also feel that even in traditional outsourcing there are lots of white spaces waiting to be invested by the VC’s. I do feel that the investment levels in pursuing mobile related opportunities are far too less in the country, and I think it is still not a settled issue if Indian firms can be there – there are few more steps before ruling out the possibility. We are not seeing ambitions to build a next Cisco like firm in the mobile application space – fact is that we may not see a Socialtext, Google, SAP, Cisco to come out of India in the next 5 years timeframe but things are improving and are definitely slated to improve further in the coming years.
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