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 INCREASES THE INNOVATION IN AN ECONOMY WHICH BRINGS EVOLUTION IN THE SOCIAL SYSTEM. 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.

. THE CREDIT OF ADOPTING & EXPANDING THE BUSINESS WAS IMPLEMENTED BY THE PARSIS BY SETTING UP TEXTILE INDUSTRIES.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.

. HINDUS 24%.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%. MUSLIMS 10% AND BRITISH CITIZENS 23% TOWARDS THE GROWTH.

ENCOURAGING THE TEMPO OF INDUSTRIALISATION BY SPREADING ENTREPRENEURSHIP .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: .DISSEMINATING THE ENTREPRENEURSHIP ACUMEN CONCENTRATED IN A FEW COMMUNITIES TO A LARGER NUMBER OF INDUSTRIALY POTENTIAL PEOPLE OF VARIED SOCIAL STRATA.

. INDIA WITNESSED AN INCREASE OF 17000 UNITS PER YEARTHROUGH SMALL SCALE BUSINESS. LAND TO POTENTIAL ENTREPRENEURS TO ESTABLISH THEMSELVES.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. THE NUMBER OF NEW COMPANIES ESTABLISHED AND WHICH ARE RUNNING BETWEEN 1980-2010 POINTS OUT TO THE RAPID GROWTH. TECHNICAL KNOW-HOW.

9 MILLION.SCOPE OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA:  INDIA BEING A LAND OF EXCESSIVE LABOUR. ONLY SOLACE FOR THIS PROBLEM WAS THE ENTREPRENEURIAL ACTIVITIES THROUGH WHICH EMPLOYMENT CAN BE GENERATED. . THE RESULTS OF THE 57TH ROUND OF NSSO SHOWS THAT THE UNEMPLOYMENT FIGURE WAS HIGH AS 8. HAS ALSO BEEN NOTED FOR ITS UNEMPLOYMENT & UNDEREMPLOYMENT.

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

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

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

ENTREPRENEURSHIP INIATIVES IN INDIA: THE GOVERNMENT OF INDIA AND STATE GOVERMENTS HAVE BEEN IMPLEMENTING VARIOUS SCHEMES & CENTRES FOR SERVICES & FINANCIAL ASSISTANCE: SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA(SIDBI). RURAL AND WOMEN ENTREPRENEURSHIP DEVELOPMENT CENTRE. THE MAJOR OBJECTIVE OF THESE PROGRAMMES IS TO HELP THE ENTREPRENEURS TO CREATE AN ORGANISATIONAL FRAMEWORK AND PUT INTO PRACTICE THE ENTREPRENEURIAL MANAGEMENT THAT FOSTERS ENTREPRENEURIAL CULTURE LEADING TO FIRM ACTIONS AT ALL LEVELS OF THE ORGANISATION. RURAL SMALL BUSINESS DEVELOPMENT CENTRE CREDIT GUARANTEE FUND SCHEME. .

A POSITIVE INTERACTION BETWEEN GROWTH AND ENTREPRENEURSHIP IS GROUNDED IN THE INNOVATION ACTIVITY.CONCLUSION: FOR A SUCCESSFUL BUSINESS THE ENTEPRENEUR MUST KNOW THE DEPTH OF HIS BUSINESS AND DEVELOP A SOLID PLAN.HE MUST ALSO KNOW TO MANAGE HIS FINANCIAL RESOURCE EFFECTIVELY. . THUS ENTREPRENEURSHIP NECCESSARIES HAVE INCREASED GREATLY FOR A NATION TO GROW WIDE.

THANK YOU« .

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