India ranks 4th among 51 countries in having quality entrepreneurship ecosystem: Report
- IBEF
- February 17, 2023
In a new worldwide survey, India was placed fourth out of 51 countries for having a high-quality entrepreneurial ecosystem, showing the country's consistent improvement in the business environment over time.
After receiving a far lower score in 2021, when it was placed at 16th overall, India's standing in the National Entrepreneurship Context Index (NECI) report from the Global Entrepreneurship Monitor (GEM) represents a significant improvement.
India’s latest score of 6.1 reflects a steady increase in the country’s overall entrepreneurial environment over the years.
India's NECI score increased from 5.8 in 2019 to 6.0 in 2020, placing it sixth among GEM economies (ranked 4th).
The Entrepreneurship Framework Conditions, developed by GEM, are a set of 13 characteristics that describe the entrepreneurial context of a given economy (EFCs).
The scores of the framework conditions for each of the 51 participating economies form the basis of the NECI results.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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