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Research Paper | Economics | India | Volume 12 Issue 6, June 2023
Entrepreneurship in India - Prospects and Challenges
Abstract: In the new millennium, entrepreneurial spirit is becoming popular particularly within the younger generation. This departure from the past, where economic growth primarily favored established job and business patterns, reflects a shift in the global economy. The traditional career trajectory is undergoing a transformation, with fewer individuals following conventional paths. The evolving landscape of work, leisure, travel, family dynamics, and child - rearing presents abundant opportunities for entrepreneurs to establish businesses and organizations that capitalize on emerging technologies and trends. The main aim of the paper is to study the prospects and challenges for entrepreneurship in India. The study aims to explore the reasons for establishing your own entrepreneurship. It also explores the feasibility of doing business and analyse the access to government initiatives. The survey was carried out in Delhi NCR region. Data was collected from 55 entrepreneurs through random convenience sampling. Descriptive statistical techniques like tally and pie - charts were used to study the responses of the students. The analysis shows that entrepreneurship has a great potential to play a significant role in strengthening the economy. There is a need to spread awareness about the government policies and initiatives which has a great potential to support the budding entrepreneurs.
Keywords: Entrepreneurship, economy, entrepreneurs
Edition: Volume 12 Issue 6, June 2023,
Pages: 2609 - 2612