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Published in:

Volume 5 Issue 12
December-2018
eISSN: 2349-5162

Unique Identifier

JETIR1812B83

Page Number

658-665

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Title

ENTREPRENEURSHIP – A WAY FOR ECONOMIC DEVELOPMENT AND GROWTH OF INDIA

ISSN

2349-5162

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"ENTREPRENEURSHIP – A WAY FOR ECONOMIC DEVELOPMENT AND GROWTH OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.658-665, December-2018, Available :http://www.jetir.org/papers/JETIR1812B83.pdf

Abstract

Entrepreneurship is one of the most important inputs in the economic development of a country. Entrepreneurs play a central role in the economy by establishing firms, which in turn create markets and organizations. An individual engages in entrepreneurial activities before the firm is established and then becomes an owner after the firm is established. In the case of India, Entrepreneur have performed below expectation due to a combination of different problems themselves through environmental related factors, instability of governments and frequent government policy changes etc. Entrepreneurship Promotions should thus ensure the availability or possession of managerial capacity and acumen before pursuing financial resources for the development of the respective enterprise. The aim of the paper is to develop and analyze the contributions of entrepreneurship in the economic development in India. Whereas both the positive as well as the negative impact of entrepreneurship on the economy has been discussed. This can be explained by the fact that India is very much a service-based economy that facilitates small-scale firms. Although the level of entrepreneurship is increasing over time, the quality of the small firms remains rather stable; the share of registered firms remains equal over time. Given the importance of high-quality entrepreneurship for economic development, it seems that increasing the quality of entrepreneurship should be the main focus of policy measures.

Key Words

Entrepreneurship, Entrepreneurs, Economic Development, Economic Growth, India

Cite This Article

"ENTREPRENEURSHIP – A WAY FOR ECONOMIC DEVELOPMENT AND GROWTH OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp658-665, December-2018, Available at : http://www.jetir.org/papers/JETIR1812B83.pdf

Publication Details

Published Paper ID: JETIR1812B83
Registration ID: 194590
Published In: Volume 5 | Issue 12 | Year December-2018
DOI (Digital Object Identifier):
Page No: 658-665
ISSN Number: 2349-5162

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Cite This Article

"ENTREPRENEURSHIP – A WAY FOR ECONOMIC DEVELOPMENT AND GROWTH OF INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp658-665, December-2018, Available at : http://www.jetir.org/papers/JETIR1812B83.pdf




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