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Role of entrepreneurs in socio-economic development

DEFInItIons…
 Socio-economic development is the process

of social and economic development in a society.
 Economic development means a process of

upward change whereby the real per capita income of the country increases over a long period of time.

Role of entrepreneurs in socio-economic development
 Employment generation
 National income  Dispersal of economic power

 Balanced regional development
 Promotes country export trade

Indicators
 GDP
 Literacy Rate  % of people above poverty line

 Employment Rate

GDP GROWTH RATE
YEAR
1980-81 to 1990-91 1990-91 to 2000-01 2000-01 to 2004-05

GDP GROWTH RATE % 5.6
5.6 6.3

2004-05
2005-06

7.5
8.4

2007-08

9.1

India Literacy rates (1951 – 2001)

Unemployment rate*
10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 2003 2004 2005 2006 2007 2008 unemploymen 8.80 9.50 9.20 8.90 7.80 7.20 % % % % % % t rate

* As of 16th May 2008

Population below poverty line
60.00% 56.40% 54.90% 50.00% 49% 53.10% 51.30% 45.20% 40.00% 45.70% 44.50% 40.80%

39.10% 38.90% 38.20%

30.00%

37.30% 36% 32.40% 28.30% 27.50% 25.70%

20.00%

10.00%

0.00% Rural Total Urban

1973-74 56.40% 54.90% 49%

1977-78 53.10% 51.30% 45.20%

1982-83 45.70% 44.50% 40.80% Rural Total

1987-88 39.10% 38.90% 38.20% Urban

1993-94 37.30% 36% 32.40%

2004-05 28.30% 27.50% 25.70%

RANKING OF ENTREPRENEURIALLY ACTIVE SECTORS OF INDIA

employment generation
 Tata group is largest employer in private

sector (more than 3,00,000 employees)  Infosys started in 1981, has over 91000 employees

National income
For consumption ENTREPRENEURS

Imports

Goods
National Income Services For exports Production

Increase literacy
 Infosys

Education & Research group conducts the Infosys Extension Program (IEP), which consists of Infosys Fellowship Program, Rural Reach program, Catch Them Young and Train the Trainer  Bal Vidya Mandir by Birla group  Tata Institute of Social Science

Balanced regional development
 As

a part of the 'Adopt a Village" Programme, the Reliance Energy, in association with Forest Department of the Government of Maharashtra, has adopted Kainad village for its strategy of developing rural areas.  By providing public access to telephones, Mr. Sam Pitroda revolutionized the state of telecommunications in India.

Dispersal of economic power
 Economic power is the natural outcome of

industrial and business activity. Developing a large number of entrepreneurs helps in dispersing the economic power amongst the population

Promotes export trade
 Tata

product and services are exported to 85 countries.  Vijay mallaya group export over to 75 countries.

HIGHlIGHts…
 At a time when the country was starved of

wholesome entertainment, Subhash Chandra developed Asia’s largest amusement and theme parks — Essel World and Water Kingdom. Spread over 64-acres of land in Mumbai, EsselWorld is Asia’s first eco-friendly amusement park, meeting international standards.
 Essel Propack, established by Subhas Chandra,

is the largest specialty packaging company in the world.

ContD…
 Subash chandra launched the first Hindi satellite channel

- Zee Television. In less than seven years, Chandra nurtured Zee into India’s most popular television network and positioned it as a global brand with more than 500 million viewers in 120 countries
 Infosys Foundation constructs hospital wards, donates

advanced equipment, organizes health camps and distributes medicines to the underprivileged sections of society.
 Aditya Birla Centre for Community initiative and rural

development

REFEREnCEs…
 Datt, Ruddar and K.P.M. Sundharam, Indian

Economy  www.indiabudget.nic.in  www.indobase.com  www.censusindia.gov.in  www.wikipedia.org

Thank you!