Long considered an immutable fact of life in India, extreme poverty is finally in retreat. India launched its first wave of economic reforms in the early 1990s, resulting in a decline in the official poverty ratio from 45 percent in 1994 to 37 percent in 2005. Over the next seven years, a period in which [...]

Entrepreneurs are key drivers of economic and social progress. Rapidly growing entrepreneurial enterprises are often viewed as important sources of innovation, productivity growth and employment (small and medium-sized enterprises account for a high percentage of all jobs in emerging economies). Many governments are therefore trying to actively promote entrepreneurship through various forms of support. The World Economic Forum, in collaboration with Stanford University, Ernst & [...]