Question

Consider an emerging market other than China and compare it with China in terms of various characteristics for corporate entrepreneurship in technology sectors

Answer 1

An emerging market describes a country's economy that has few characteristics of a developed market, however does not satisfy standards to be termed a developed market. The four largest developing and emerging economies by either nominal or PPP-adjusted GDP are the BRIC nations (Brazil, Russia, India and China). We will distinguish the emerging market of India and China. India have a large innovation capacity that is being deployed not only for their own requirements however also to perform R&D for multinational companies. India is becoming increasingly vital player on the global stage. The rapid growth of India's economy has far-reaching implications for poverty reduction, global living standards, and competitiveness and distribution of income in the rest of the world.

The economy of China beats India hands down in entrepreneurship. It's digital economy grows not just due to consumers and investors but also because it's government too supports it. Chinese Premier Li Keqiang started an 'Internet Plus' policy with an aim to promote the integration of digital technologies into numerous economic sectors. Moreover China produces more entrepreneurs compared to India due to the large economic base. More people in China participate formally in the economy compared to India. India needs to reform its labor laws, grow its manufacturing sector, invest in infrastructure, further liberalize its global trade, and strengthen its financial system by decreasing the influence and dominance of the public sector. A bigger consumer base will not only make it simpler for Indian entrepreneurs to scale up fast, however will also be able to attract new entrepreneurs to try out disruptive issues.