Entrepreneurship

Entrepreneurship Introduction ntrepreneurship is considered to be a signi?cant determinant of economic development. revolutionary entrepreneurial activities play a vital part in the process of creative destruction that fosters innovation, employment, and growth. While India has tradition ally been an entrepreneurial country, it fargons poorly in numerous global studies exploring the entrepreneurial and transmission line potential of countries. For instance, in the World Bank Doing Business subject area (2008) which investigates regulations that enhance business activity, India is ranked 120 out of 178 economies. Similarly, in the World Economic Forums Global fighting Index (2007), India ranks 48th among 131 countries. E with more than 10 per cent of them anticipating lofty growth. Early-stage entrepreneurial activity in India is marked by depressed levels of growth expectation. This is despite the extremely high levels of potential entrepreneurial activity as perceived by the n atomic number 53ntrepreneurially active nation in the country (See Figure 60). While data on entrepreneurship is hard to come by, the following numbers are telling.

accord to the NSS 62nd round, in rural India, almost 50 per cent of all workers are self-employed 57 per cent among males and nearly 62 per cent among females, while the corresponding ?gures in urban India are 42 for males and 44 for females. The NSSO de?nes a selfemployed person as one who has worked in sept enterprises as own-account worker; worked in household enterprises as an employer or worked in household enterprises as helper. The all important(p) feature of the self-employed is that they have autonomy (decide how, where and when to produce) and economic independence (in respect of choice of market, scale of operation and ?nance) for carrying out their operation. match to the 5th Economic Census Current Scenario According to the Global Entrepreneurship monitoring device (2007) report, Indias High-Growth Expectation Early-Stage Entrepreneurship... If you want to get a secure essay, order it on our website: Orderessay

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