In the last five years, thanks to globalization and advances in science and

technology, Indian entrepreneurs are beginning to align themselves in three

categories. A first category of entrepreneurs are focused towards
developing world-class products which can compete in the international
market. For instance, India is rapidly emerging as a world-class player in
information technology, iron and steel industry, pharmaceutical industry etc.
A second category of Indian entrepreneurs are working on products that
are customized in design, pricing and quality to the needs of the Indian
people, or the developing countries at large. For instance, development of
cost-effective gadgets like cell phones, tablets and even laptops which are
more tuned to address the basic needs of the Indian people are increasing
by the day. A third and a more distinct category is the rise of hundreds of
social entrepreneurs. The liberal democratic system in India allows and
promotes citizens to come together as a group to solve some of the big
challenges facing the nation. Appropriate use of technology and
engineering to solve some of these real problems can make India a
technology-leader midst the developing world. Indian social entrepreneurs
working on rural development can minimize migration of people from rural
to urban areas, leading the creation of a sustainable eco-system.