Page 8 - EDII-Report-116

REPORTS 116
EDII

Release of GEM India Report 2020-2021 at the hands of (3rd from R) Shri Narayan Tatu Rane, Hon'ble Union Minister of MSME. Also seen
are (4th from L) Dr. Sunil Shukla, Director General-EDII; (2nd from R) Dr. Milind Kamble, Founder Chairman, DICCI & Esteemed EDII Board
Member; (R) Shri Ranjeeth Kumar J., Commissioner, MSME, GoG with Senior Faculty members of EDII (L-R) Dr. Amit Kumar Dwivedi,
Dr. Pankaj Bharti & Dr. Raman Gujral

Till now, EDII has brought out 8 GEM Report. The GEM India Report is an outcome of collective efforts of GEM India
consortium that strives to capture and understand the current state of affairs in Indian entrepreneurship. EDII is the
lead Institute of the present GEM India Team. The GEM Report 2020-2021, throws light on entrepreneurial trends
and practices amidst changing business and impact of COVID-19 on entrepreneurial activities in the country.
Major Findings of GEM India 2020-21 Report
• The results show that 82% of the population perceives that there is a good opportunity to start a
rd
business in their area. Of the 47 economies, India ranked 3 for perceived opportunities.
• About 82% of the youth believe that they possess the skills and knowledge to start a business.
• Entrepreneurial intentions had been 33.3% in 2019–20, which fell to 20.31% in 2020–21. This negative
change of perception may be due to the lockdown and impact of the COVID 19 Pandemic.
• The rate of Total Early-stage Entrepreneurship Activity (TEA) in India has also been severely affected by
the pandemic and it came down to 5.34% from last year's 15%. The change has been observed at 64
percent, decreased from 15 percent in 2019-20.
• The ndings reveal that pandemic has negatively impacted Total Entrepreneurial Activities in the country.
However, it is more severe in case of the female youth. Female entrepreneurial activities are decreased by 79
percent, while the male entrepreneurial activities are decreased by 53 percent.
• The observation for established business ownership is important and it is found that 5.88% of youth
have reported that they are engaged in an established business. The numbers decreased by 51 percent
from last year's 11.92%.
• The results presented in the report, indicate that pandemic has a very negative impact on household
income. In India, about 44 percent of youth have perceived that pandemic has harmed their household
income.
• Across a couple of the government-related framework conditions, India did better in 2020, then it did in
2019. This improvement in institutional support for entrepreneurship is reected in the experts’
th
assessment of the government's response to the pandemic, where, India ranked 5 among all GEM
participating economies.
• The National Entrepreneurship Context Index (GEM NECI), provides policymakers with insights, on how to
foster such an environment. In its latest ranking, Indonesia, Netherlands, Taiwan and India are the top four.

08