Entrepreneurial Development in India: Issues and Future Scope (2024)

Dr. Upendra Kumar Sahu

Guest Lecturer (Commerce)

Mohan Lal Jain (Mohan Bhaiya) Govt. College Khursipar, Bhilai Durg (C.G.)

Abstract

This paper gives light on the role of entrepreneurship in economic development of the India; entrepreneurs are the pillar of the nation, its leads to the industrialization, generation of employment, rural development, technological development, Export promotion, contribution in national income. Considering all these benefits, government has been taken initiatives time to time for entrepreneurship development in the India, such as Industrial Policies and Five-Year Plans specifically focusing on the growth of small scale sector, setting up of Special Economic Zones (SEZs), setting up of Entrepreneurship Institutions, organizing Entrepreneurship Development Programmes (EDPs) and various Government Programmes and Schemes for the promotion of entrepreneurship. One of the key factors that have contributed to the growth of entrepreneurship in India is the availability of capital. India has a robust venture capital ecosystem, with several domestic and international venture capital firms investing in Indian startups.

Keywords: Entrepreneurship, Challenges, Opportunities