Bain & Company partner Sri Rajan was among several business leaders who participated in the Government of India's Committee on Angel Investment and Early State Venture Capital. This report discusses the committee's analysis and recommendations.

India is an entrepreneurial country, but its entrepreneurs have had to struggle to create and grow their business ventures. There is, however, a growing group of first-generation Indian entrepreneurs that have generated large-scale employment and significant wealth. These successes have encouraged a new breed of entrepreneurs especially in the internet and e-commerce space.

India has the potential to build about 2,500 highly scalable businesses in the next 10 years—and given the probability of entrepreneurial success that means 10,000 startups will need to be spawned to get to 2,500 large-scale businesses. Experience across countries suggests that vibrant entrepreneurial activity significantly improves social harmony, living standards and quality of life.

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