Entrepreneurial Growth

Topics: Entrepreneurship, Economics, Economic growth Pages: 6 (665 words) Published: October 29, 2013
ENTREPRENEURIAL
GROWTH
IN INDIA

-M.INFANTINA SANRA IVA
II-B.COM
II-

Contents:
ENTREPRENEURSHIP IN INDIA:
-DURING PRE-INDEPENDENCE PERIOD
-DURING POST INDEPENDENCE
SCOPE OF ENTREPRENEURSHIP IN
INDIA
FACTORS AFFECTING THE GROWTH
ENTREPRENEURSHIP INIATIVES IN
INDIA

INTRODUCTION:
INDIA IS A NATION SETTING OUT ON A PATH
OF SUSTAINED ECONOMIC GROWTH FOR
DECADES TO COME.
ENTREPRENEURSHIP IS NECESSARY FOR
FUELING IDEAS AND CHANGING THEM INTO
EVOLUTIONARY OR REVOLUTIONARY
PRODUCTS.
IT IS AN INTERACTIVE ACT WHICH MOBILISES
HUMAN RESOURCES FROM ONE LEVEL OF
PRODUCTIVE USE TO HIGHER LEVELS.

ENTREPRENEURSHIP IS THE PRIME MOVER
OF A NATION. IT INCREASES THE
INNOVATION IN AN ECONOMY WHICH
BRINGS EVOLUTION IN THE SOCIAL
SYSTEM.

ENTREPRENEURSHIP GROWTH IN
INDIA:
DURING PRE-INDEPENDENCE PERIOD:
INDIAN ENTREPRENEURSHIP COULD BE
TRACED BACK FROM EARLY AS THE RIG VEDIC
PERIOD.
ORGANISED ENTREPRENEURIAL ACTIVITIES
WAS OBSERVABLE AMONG THE INDIAN
ARTISANS IN THE RIVER BASIN CITIES LIKE
BANARAS & ALLAHABAD.
THE CREDIT OF ADOPTING & EXPANDING THE
BUSINESS WAS IMPLEMENTED BY THE PARSIS
BY SETTING UP TEXTILE INDUSTRIES.

DURING PRE-INDEPENDENCE PERIOD:
THE LUKEWARM ATTITUDE OF THE
BRITISH GOVERNMENT AND THE
EXORBITANT DUTIES IMPOSED
STAGNATED THE GROWTH OF INDIAN
ENTREPRENEURSHIP.
IN THIS PERIOD PARSIS HAD
CONTRIBUTED NEARLY 43%, HINDUS
24%, MUSLIMS 10% AND BRITISH
CITIZENS 23% TOWARDS THE GROWTH.

ENTREPRENEURSHIP IN INDIA:
DURING POST INDEPENDENT PERIOD:
AFTER TAKING THE LONG SIGN OF POLITICAL
RELIEF IN 1947, THE INDIAN GOVERNMENT
SPELLED A SCHEME FOR ACHIEVING A
BALANCED ECONOMIC GROWTH.
THE GOVERNMENT TOOK VARIOUS
IMPORTANT MEASURES SUCH AS:
- ENCOURAGING THE TEMPO OF
INDUSTRIALISATION BY SPREADING
ENTREPRENEURSHIP
- DISSEMINATING THE ENTREPRENEURSHIP
ACUMEN CONCENTRATED IN A FEW
COMMUNITIES TO A LARGER NUMBER OF
INDUSTRIALY POTENTIAL PEOPLE OF VARIED
SOCIAL STRATA.

DURING POST INDEPENDENT PERIOD:
THE MAJOR STEP TAKEN BY THE GOVERNMENT TO
INIATE PEOPLE to REMOVE THE REGIONAL
IMBALANCES IN DEVELOPMENT WAS BYPROVIDING
VARIOUS INCENTIVES AND CONCESSIONS IN THE FORM
OF CAPITAL, TECHNICAL KNOW-HOW, LAND TO
POTENTIAL ENTREPRENEURS TO ESTABLISH
THEMSELVES.
INDIA WITNESSED AN INCREASE OF 17000 UNITS PER
YEARTHROUGH SMALL SCALE BUSINESS. THE NUMBER
OF NEW COMPANIES ESTABLISHED AND WHICH ARE
RUNNING BETWEEN 1980-2010 POINTS OUT TO THE
RAPID GROWTH.

SCOPE OF ENTREPRENEURSHIP
DEVELOPMENT IN INDIA:


INDIA BEING A LAND OF EXCESSIVE
LABOUR, HAS ALSO BEEN NOTED FOR
ITS UNEMPLOYMENT &
UNDEREMPLOYMENT. THE RESULTS OF
THE 57TH ROUND OF NSSO SHOWS
THAT THE UNEMPLOYMENT FIGURE
WAS HIGH AS 8.9 MILLION. ONLY
SOLACE FOR THIS PROBLEM WAS THE
ENTREPRENEURIAL ACTIVITIES
THROUGH WHICH EMPLOYMENT CAN BE
GENERATED.

SCOPE OF ENTREPRENEURSHIP
DEVELOPMENT IN INDIA:




WHEN ENTREPRENEURSHIP GROWS
FASTER, IN VIEW OF WITHSTANDING
THE COMPETITON, THE
ENTREPRENEURS ARE FORCED TO
OPEN THEIR ENTERPRISES IN THE
BACKWARD REGIONS. HENCE THEY
RESULT IN DEVELOPMENT OF THESE
AREAS.
THE GROWTH OF BUSINESS HAS LED TO
A LOTS OF PUBLIC BENEFITS SUCH AS
TRANSPORTATION, HEALTH ,
EDUCATION AND ENTERTAINMENT.

SCOPE OF ENTREPRENEURSHIP
DEVELOPMENT IN INDIA:


CURRENTLY IN INDIA THE
ENTREPRENEURSHIP SCOPE FOR WOMEN HAS
BECOME WIDE. WOMEN SECTOR OCCUPIES
NEARLY 45% OF THE INDIAN POPULATION.
THE AUTHENTIC SETUP IS CHANGING IN THE
MODERN ERA.TRADITIONALLY WOMENOWNED BUSINESS WERE MOST PREVALENT IN HEALTHCARE AND PROFFESIONAL SERVICE
INDUSTRIES. BUT, THE FASTEST GROWING
AREAS OF WOMEN OWNED BUSINESS NOW
ARE CONSTRUCTION 30%, AGRICULTURAL
SERVICES 24% AND TRANSPORTATION 20%.



IT ACCELERATES THE GDP RATE OF OUR
COUNTRY TREMONDOUSLY.

FACTORS AFFECTING THE
ENTREPRENEURIAL GROWTH:
ECONOMIC FACTORS
SOCIAL FACTORS
CULTURAL FACTORS
MOTIVATING FACTORS
PERSONAL ATTITUDE
ENVIRONMENTAL FACTORS

ENTREPRENEURSHIP INIATIVES
IN INDIA:...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • The Big Idea: How to Start an Entrepreneurial Revolution? Essay
  • Analysis of Distinguished Top 5 Entrepreneurial Mindsets on Achieving a Prosperous Business Essay
  • Corporate Entrepreneurship as a tool for organizational growth Essay
  • Sustainable Growth and Economic Development Essay
  • Relationship Between Innovation and Economic Growth Essay
  • Factors Contributing to the Growth of Enterprise and Small Business. Essay
  • FACTORS AFFECTING GROWTH OF SMALL SCALE ENTERPRISE IN KENYA Essay
  • Entrepreneurial Innovations Essay

Become a StudyMode Member

Sign Up - It's Free