Prosperity · Pillar 5 of 8
Enterprise
Whether it is easy for Indians to build, grow and sustain businesses anywhere in the country. Entrepreneurs are treated as the primary creators of wealth and jobs.
What is the Enterprise pillar?
Enterprise is the fifth of eight pillars in the 47 BH framework for a developed Bharat by 2047, and one of the two pillars in the Prosperity layer, which covers the goal of becoming richer in per capita income. It asks whether it is easy for Indians to build, grow and sustain businesses anywhere in the country. Entrepreneurs are treated as the primary creators of wealth and jobs. It has four sub-pillars: ease of doing business; access to capital; innovation and technology; and entrepreneurial culture.
How Enterprise connects to the 47 BH vision
Enterprise is one of two Prosperity pillars. It speaks to the part of the vision where people work hard and build wealth, treating entrepreneurs as the primary creators of wealth and jobs.
A developed Bharat that is richer in per capita income and, more importantly, in character: where people work hard and build wealth, yet live by Karma, accountable for every action, and by Dharma, doing their duty towards their family, friends, society and all life on this earth.
The 47 BH vision for 2047
The four sub-pillars of Enterprise
Each sub-pillar is a part of Enterprise that 47 BH examines in its conversations and explainers, through the two lenses described below.
- 5.1
Ease of doing business
The time, cost and complexity of starting, running and closing a business, including compliance and taxation.
47 BH looks at how long it takes, and what it costs, to start, run and close a business in India, including the burden of compliance and tax.
- 5.2
Access to capital
Credit for small and medium businesses, and funding for founders, including those outside the major metros.
47 BH looks at whether small and medium businesses can get credit, and whether founders can raise funding wherever they are, not only in the major metros.
- 5.3
Innovation and technology
Startups, research commercialisation, and the adoption of technology and AI by Indian businesses.
47 BH looks at India's startups, at whether research becomes products and companies, and at how readily Indian businesses adopt technology and AI.
- 5.4
Entrepreneurial culture
Social attitudes to risk and failure, and the ability to build businesses from smaller cities and towns.
47 BH looks at how society treats risk and failure, and whether people can build businesses from smaller cities and towns.
Two lenses on Enterprise
Two lenses apply to every sub-pillar in the 47 BH framework, so that rural India is present throughout and India learns from the world without copying it.
City and village
Enterprise is examined for both urban and rural Bharat: whether a founder in a small town or village can register, finance and grow a business as easily as one in a metro.
Learn, avoid, protect
- Learn
- What can India learn from countries where it is quick and cheap to start a business, and where an honest failure is not a lifelong stigma?
- Avoid
- Which mistakes should it avoid, such as compliance burdens that push small firms to stay small or informal?
- Protect
- What of its own should it protect, such as its traditions of family business and trading communities, and the resourcefulness Indians call jugaad?
Where Enterprise meets other pillars
Research sits under the Learning pillar. Its commercial use, turning research into products and companies, sits under Enterprise. Each topic has one home in the framework.
Questions about the Enterprise pillar
What is the Enterprise pillar of 47 BH?
Enterprise is the fifth of eight pillars in the 47 BH framework for a developed Bharat by 2047. It asks whether it is easy for Indians to build, grow and sustain businesses anywhere in the country, and treats entrepreneurs as the primary creators of wealth and jobs.
What are the four sub-pillars of Enterprise?
Ease of doing business; access to capital; innovation and technology; and entrepreneurial culture.
Why does 47 BH treat entrepreneurs as the primary creators of wealth?
Because businesses, from a small shop to a large company, are where jobs and incomes are created. Making it easier to build and grow them is central to becoming richer.
Is the Enterprise pillar only about startups?
No. It covers every kind of business, including small and medium firms and businesses in smaller cities and towns, as well as startups.