India's Entrepreneurship

India's entrepreneurial journey is a few years behind China's own path, but the gap is narrowing.Like China, India has a growing number of startups with innovations designed to disrupt standards and help solve big problems in sectors including biomedical, clean technology, digital communications and e-commerce. The Silicon Valley culture of tech entrepreneurship and venture capital has been slower to take hold in India than in China.

India is undergoing its own surge in mobile communications, and much of the startup action is centered in this market. Already, India counts more than 500 million mobile phone subscribers, second only to China's approximate 700 million users.

The popularity of mobile has led to a swarm of startups relying on the cellphone as a business platform, from gaming companies Nazara, Games2Win, and Kreeda, to search firm Just Dial, to ring tones and advertising, inMobi.