Mr. Daniel Ramamoorthy:

A couple of friends of mine wrote a book entitled The Misfit Economy in which they wrote about entrepreneurs who are outside the description of what constitutes an entrepreneur in the typical business sense. For example, pirates and slum dwellers are also entrepreneurs. In many ways the obstacles define the entrepreneur. It is arguable that if the obstacles were not there, they might cease to be entrepreneurs. There is a sense that they thrive on the obstacles. Having said that, some obstacles can sometimes suppress entrepreneurship. With our recommendations we are trying to recognise the value that entrepreneurs provide to an economy. It is not so much about supplying a crutch for the week but rather it relates to recognising what entrepreneurs provide to the economy through job creation and media attention. Consider the web summit and the international media attention that one event attracts. As everybody knows, it was an entrepreneur who initiated the summit. The recommendations are designed not to make it overly easy to start a business, rather they are aimed at recognising that entrepreneurs have something to offer. That is really the framework within which we put forward the recommendations.

That is really my two cents' worth on the matter. I agree with the Deputy that, arguably, entrepreneurs in the past had fewer resources available to them than is now the case. Having said that, the country has a track record in doing a great deal to make things better for entrepreneurs, to recognise what they do and to provide them with more opportunities.