Entrepreneurship in India
Entrepreneur is a loaned word which is derived from the French language. It means a person who operates and undertakes a new business enterprise by putting its capital into in it and presumes responsibility, accountability for the inbuilt risks. An entrepreneur puts up its company which is crafted to develop an opportunity and designed in a responsive way to compete in the market with its competitors. With good amount of profit, an entrepreneur can expand its business to any extent depending upon the amount of profit earned and the aspirations of the entrepreneur. A person can build new companies or set up its business in an existing company which is known as corporate entrepreneurship.
Opportunity and risk taking are the two things which go along with the frugality. A smart entrepreneur always squeeze money out of limited amount of cash and always influence the money of others by inviting those bodies to invest their money into the business, in return they get shares and debenture of the company. An entrepreneur always tries new ideas to explore any area of business. Sometimes an entrepreneur is faced with hard luck but not always. By trying new and innovative ideas, an entrepreneur can make its business successful and run for a long period.
In the year 2002, India ranked second in terms of total entrepreneurial activity in the Global Entrepreneur monitor report and the total Indian entrepreneur activity average is (approax) 12.1%. In India, people have a lot of entrepreneurial quality and capacity but the Indian government and society does not take initiative in encouraging entrepreneurship in India. Most of the people often seek long-term and secure employment in government sectors. Other factors which prevent flourishing of entrepreneurship in India are unavailability of appropriate capital, social attitudes and problems, inadequate government support and inadequate physical infrastructures. India has the 3rd highest GDP in the Asian subcontinent and it is the 5th biggest economy in the world.
The government of India has taken a lot of steps to encourage entrepreneurship and entrepreneurs by providing facilities for their progress, training and success especially in the rural areas. In a diverse and large country like India, one of the best ways of improvement is grass root innovation .This type of innovation consist of inventions and discoveries for an environment that is typically Indian. India has a lot of entrepreneurial potential because of the huge middle class that it encompasses which is a gold mine for entrepreneurs as they can make a lot of profit by catering to the needs of the great Indian middle class which consists of around 250 million people.
Questions and Answers
Fortunately enough, there actually is a group that Malaysian women entrepreneurs can turn to when they need help. The National Association of Women Entrepreneurs of Malaysia (NAWEM) was formed with the objective of helping Malaysian women entrepreneurs get their businesses off the ground and become globally competitive.
India is definitely the hub of entrepreneurs worldwide. Women owned businesses are highly increasing in the economies of almost all countries.
Women Entrepreneurs are gradually more renowned as a precious tool for business expansion and promotion. Policy makers must foster the networking of associations and encourage co-operation and partnerships among national and international networks and facilitate Women Entrepreneurial enterprises by women in the economy. Increased participation of women in the labour force is a prerequisite for improving the position of women in society and self-employed women.
This article is based on the reasons behind the development of entrepreneurship skills in India.
Economy of any country can't boom without participating women. Entrepreneurship plays a great role in contributing national income. Women have all the necessary qualities that are required to be an entrepreneur. Women are required to identify their qualities and come forward to give their contribution in economic growth. They may face some problems while setting up their enterprise but they should not loose hope they have some natural strength that can be advantageous for them some problems but
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