India along with the U.S., Canada and Australia, has been ranked among the nations with the best cultures in the world for people to start a new business, according to a new global poll.
While India finds itself bracketed with the better ranked countries, Colombia, Egypt, Turkey, Italy and Russia are the least friendly to innovation and entrepreneurship, showed results of the 24-country BBC World Service poll.
The world’s two major economies — U.S. and China — are also among the most favourable countries for innovation and creativity, according to the results.
In both nations, 75 per cent say that their country values innovation and creativity — second only to Indonesia (85 per cent), and well ahead of other emerging economies such as Brazil (54 per cent) and India (67 per cent).
At the other end of the scale, only 24 per cent of Turks and 26 per cent of Russians and Egyptians say they feel that innovation and creativity is valued in their country.
The results are drawn from a survey of 24,537 people across 24 countries, including Australia, Brazil, Canada, China, Egypt, France, Germany, India, Indonesia, Italy, Mexico, Nigeria, Pakistan, Russia, Spain, Turkey, the U.K. and the U.S., among others.
Most countries surveyed in Asia were found to have a well-developed entrepreneurship culture, and except Pakistan, all had good ratings on the entrepreneur-friendly index.
Indonesia scored the highest ratings of all participating countries in the survey (2.81), just ahead of the U.S.