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Since many of the comments here seem to miss the op's point:

He is saying that Indians seem to think that you need a degree to be successful, and discount the entrepreneur category by itself. He clearly thinks this is untrue and a counterproductive attitude, but there it is.

He is probably bringing it up because it is hard enough to be an entrepreneur without people constantly telling you that you will fail for one arbitrary reason or another.

By the way, this holds pretty much true in the United States -- most middle- and upper-class people think you need a degree to succeed.

But the entrepreneur category is probably given more respect. E.g. my friend's daughter is postponing college to work on her startup - she mostly getting very positive reinforcement all around.



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