Entrepreneurship and its impact on Indian Economy

DMS-GBMP | Special Issue | July-2018 | Published Online: 30 July 2018    PDF ( 463 KB )
DOI: https://doi.org/10.5281/zenodo.1327578
Author(s)
Dr. T. Kadalarasane 1; Dr. Tripura Sundari C.U. 2

1Guest Faulty, Quantitative Finance, Department of Statistics, Pondicherry University, Puducherry (India)

2Guest Faulty, Quantitative Finance, Department of Statistics, Pondicherry University, Puducherry (India)

Abstract

Entrepreneurship is an efficient source of economic development. Without enterprise and entrepreneurs, there would not be much invention, growth and employment. They account for a large part of the economic activities operate both in agricultural and non-agricultural sector. India is the 2nd highest populated economy having a wider market with extensive opportunity. Hence, the current paper focuses on the entrepreneur‟s contribution in the development of the economy in terms of employment, for which secondary data from different web sources have been collected. Percentage method, Simple graph and growth rate is used to analyse the objective. The analysis reveals that the entrepreneurs in non-agricultural sector are more than agricultural sector, since greater entrepreneurial population belong to non-agricultural sector the Government has to take necessary steps for the development of the economy. As a result there can be better infrastructure, especially in technology, better access to finance, rise of role models, which in turn will enhance the economic development. Based on the above review the policy suggestions are made.

Keywords
Entrepreneurship, economic development, employment, agricultural and non-agricultural sector
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