Entrepreneurship is now acknowledged as a key driver of economic growth, sparking extensive research. It involves seizing opportunities and creating value through resource management, including risk-taking and innovation. Beyond economic growth, entrepreneurship fosters innovation, addressing societal needs and contributing to technological breakthroughs. It also plays a vital role in regional development, revitalizing local economies and promoting inclusivity. India has witnessed a significant rise in entrepreneurship, driven by economic growth, access to capital, and government support. Well-designed policies aim to reduce unemployment and promote entrepreneurial development, particularly in unorganized sector. India’s favorable factors, such as a growing market, advanced technology, and supportive policies, make it an attractive hub for entrepreneurship. Despite challenges, the future of entrepreneurship in India looks promising, with the government's relentless efforts and increasing global recognition. Entrepreneurship in India’s unorganized sector holds particular promise, with policies directed toward its growth. India’s entrepreneurial landscape is poised to shape the nation’s economic growth and global presence positively.

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Driving Innovation via Entrepreneurship in India’s Unorganized Sector

  • Amita Chaudhary,
  • Priyanka Sharma,
  • Sandeep Singh

摘要

Entrepreneurship is now acknowledged as a key driver of economic growth, sparking extensive research. It involves seizing opportunities and creating value through resource management, including risk-taking and innovation. Beyond economic growth, entrepreneurship fosters innovation, addressing societal needs and contributing to technological breakthroughs. It also plays a vital role in regional development, revitalizing local economies and promoting inclusivity. India has witnessed a significant rise in entrepreneurship, driven by economic growth, access to capital, and government support. Well-designed policies aim to reduce unemployment and promote entrepreneurial development, particularly in unorganized sector. India’s favorable factors, such as a growing market, advanced technology, and supportive policies, make it an attractive hub for entrepreneurship. Despite challenges, the future of entrepreneurship in India looks promising, with the government's relentless efforts and increasing global recognition. Entrepreneurship in India’s unorganized sector holds particular promise, with policies directed toward its growth. India’s entrepreneurial landscape is poised to shape the nation’s economic growth and global presence positively.