ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT IN INDIA

contents
Introduction Meaning of entrepreneurship

INTRODUCTION
INDIA is a young Nation of 60years of Independence setting out on a path of sustained economic growth Current years the ongoing interest in entrepreneurship has increased For growth of new businesses as well as economic development

MEANING OF ENTREPRENEURSHIP
Entrepreneurship is a process undertaken by an entrepreneur to establish and to develop a new enterprise. It is a process of converting the idea of establishing an enterprise into its implementation.

FOR RAPID ECONOMIC DEVELOPMENT

Entrepreneurs and entrepreneurship are base for economic development. Entrepreneurship Development Programme (EDP) makes entrepreneurs for creation of entrepreneurship environment. In India, in every five year plan more and more amount is allotted for entrepreneurship development.

CREATION OF SUITABLE INDUSTRIAL ENVIRONMENT FOR RAPID ECONOMIC DEVELOPMENT.

For creation of industrial and entrepreneurship environment, various institutions CED, EDI, IDBI, Exim bank, IFCI, State Finance Corporation, DIC etc have given their active contribution.

NEW SOURCES OF INCOME FOR GOVT

govt. gets income of various taxes by medium of venture of new entrepreneurs. Some export oriented industrial units help govt. in earning foreign exchange.

Conclusions
Entrepreneurship is a challenging and rewarding profession. Entrepreneurship is required for the growth of NATIONAL ECONOMY.

ENTREPRENEURSHIP & ECONOMIC DEVELOPMENT

EARLY IMITATION AND INNOVATION

LEVEL OF ENTREPRENEURSHIP

EARLY IMITATION

LATE IMITATION
SMALL BUSINESS FORMATION

AGRARIAN DEVELOPMENT OF ECONOMY

INDUSTRIALIZATION

SERVICE & HI TECH

Scope of entrepreneurship development in India