Even as global rating agencies are taking a close look at the economic ups and downs of different countries with the Gross Domestic Product (GDP) in astronomical proportions, India too joining the league, although slowly but steadily, the nation’s States, including Karnataka among the leading regions, have also started talking business with the catchy phrase Ease of Doing Business invoking both facts and tall claims of facilities supportive of business. The nation’s business fraternity of all hues don’t seem to be impressed by the publicity bestowed by incumbent governments of the few States offering allurements including land area for establishment of industry at no cost and even financial partnership. Past experience of trusting the governments and facing unanticipated hurdles, primarily the proverbial red tape, continue to discourage many well-established corporate sector entrepreneurs. One is prompted to recall the unsavoury statements by a former Chief Minister of Karnataka provoking a top brass in IT sector to threaten to move out of the State.
The factor of acumen to prove staying power in business without sliding into a state of bankruptcy, traditionally, is associated with some well-marked social sections in the land’s population. As if to make business an inclusive pursuit, it has graduated as an academic subject, thus resulting in the emergence of Business Schools dime of dozen.
