Assessing Government Initiatives Towards the Development of Entrepreneurship in India

Abstract

Entrepreneurs are playing a significant role in economic development. It helps in creating jobs, reducing poverty, maintaining demand-supply equilibrium, and solving a number of problems of any country. It will thus automatically increase the GDP of the country and make the country self-reliant. This can only be possible if, and only if, equal participation from all sections of the society should come forward and join hands for self-development and self-employability. Now there is a strong need to change youth mindsets. The Indian government has taken many initiatives to make entrepreneurship a successful model and also to strengthen this innovation ecosystem. The main purpose of such initiatives is to promote entrepreneurship solutions for economic sustainability and growth. This chapter highlights the current innovative ecosystem of entrepreneurship and the challenges it faces. It also highlights the initiatives taken by the Indian government for the promotion of entrepreneurship development in India.

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