Global Entrepreneurship Monitor India Report 2023/2024

Abstract

The Global Entrepreneurship Monitor (GEM) is a comprehensive international study conducted by the GEM consortium. The study has established a robust track record of delivering consistent, coherent, and contemporary data on entrepreneurial trends and activities across diverse economies worldwide, facilitating informed decision-making and policy development over time. Its primary objective is to collect comparative data on entrepreneurial activity, providing insights into the factors that influence national levels of entrepreneurship and informing policies to enhance entrepreneurial growth. The GEM study employs surveys and expert interviews conducted by in-country teams to measure entrepreneurship across various stages, including nascent, start-up, established, and discontinuation phases. This approach yields a rich dataset on entrepreneurship, offering harmonised measures of individuals' attributes and activities. The GEM India Report 2023-2024 offers valuable insights into India's entrepreneurial landscape. Employing the globally consistent GEM research methodology, this study enables cross-country comparisons and provides a comprehensive understanding of India's entrepreneurial ecosystem. The Adult Population Survey (APS) was administered to a sample of 3,005 respondents, yielding data on the country's entrepreneurial activity and national framework conditions. In parallel, the National Expert Survey (NES) gathered insights from 72 national experts, focusing on India's entrepreneurial start-up ecosystem across nine key Entrepreneurial Framework Conditions (EFCs).