As Indian economy became more liberalized since the beginning of 1980s there has been a spurt of entrepreneurship across the country. The IT boom since 1990s did not see any major Marwari business house taking to it.
As caste barriers reduced and movement of people across he country increased English and Hindi came to be spoken understood across the entire country. With improvement in banking and telecommunication today one no longer faces the communication barriers which early Indian entrepreneurs faced.
India is supposed to have one of the best eco-systems today and 60% of the start-ups are from individuals with less than 5 years of work experience. There are a number of venture capitalist with access to funds from India and overseas who are eyeing these start-ups and not only fund their ventures but also help them in executing their plans and help them sail through the first few difficult years of setting up an enterprise.
Social networking has enabled aspiring entrepreneurs to connect to people of similar ideas and even find mentors across the globe who would be able to provide an input.
Resource group, access to capital etc which have been cited as the success to Marwari enterprise are today at the disposal of any aspiring entrepreneur.
Then how relevant is the Marwari enterprise today?