International Journal of Economics and Business Administration
Articles Information
International Journal of Economics and Business Administration, Vol.6, No.1, Mar. 2020, Pub. Date: Feb. 14, 2020
The Development of Entrepreneurship in India – Central Government-led Initiatives
Pages: 18-22 Views: 140 Downloads: 68
Authors
[01] Chung Sulin, Department of Industrial Engineering and Economics, Tokyo Institute of Technology, Tokyo, Japan.
[02] Abhay Tiwari, Department of Industrial Engineering and Economics, Tokyo Institute of Technology, Tokyo, Japan.
Abstract
The aim of this paper is to explore the entrepreneurship development in India and analyse the trends in the development of the entrepreneurial field. The entrepreneurship activities were carried out rather aggressively, particularly with the initiatives of the government-support and government-protected India’s small-scale industries. Many start-ups were established as technology, service and supplier of parts to the national level under the central government assistance programs. The government’s initiative put emphasis on the technology and service in most entrepreneurial endeavours. The initiatives of India’s government for the entrepreneurship spurred the growth of firms and provided the gateway for the acquisition of relevant technological knowledge, technical skills, and entrepreneurial talent and in the result the economic and industrial activities from 2014 to 2019, shows huge development in India. The paper aims at appreciating the need for and relevance of understanding dynamic paradigm of service and technological entrepreneurship in India between 2014-2019. Mainly after 2014 a huge entrepreneurial motivation among the Indian youth gives the fire in the wing of country’s economic development. This paper postulates that a new trend has emerged in the field of entrepreneurship in India as a result of the central and state led government make-in India and entrepreneurial efforts.
Keywords
Entrepreneurship, Technology Entrepreneurship, India, Initiatives
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