Indians have tremendous entrepreneurial capacity. However the society and government are not very encouraging towards entrepreneurship. To a large extent, the Indian society is risk averse. People usually seek secure and long-term employment, such as government jobs. Social attitudes, lack of capital, inadequate physical infrastructure and lack of government support are major factors of problems.
It is really a good change in the recent trends that most of the youngsters turn towards entrepreneurship as their career objective.
Every entrepreneur is contributing towards economic development of the nation. Entrepreneurs will play the key role in economic growth of the nation by creating self employment opportunities and providing the jobs to others.
According to United Nations Development Programme (UNDP), India ranks 134th out of 182 countries in the world, with the human development index (HDI)-2009 report based on 2007 data in terms of a long and healthy life, access to knowledge and a decent standard of living to its citizens. India needs more and more entrepreneurs to overcome basic challenges of the nation-poverty, illiteracy, unemployment and therefore help in economic development. |