Role of Entrepreneurship in Enhancing Economic Growth in India

Entrepreneurship plays an important role in economic development and continuous economic growth induces to economic development of India. It is the main aspect of capital formation and leads to structural transformation of our country. There is a major contribution of entrepreneurs in the opposite pole of stagnating development (including conflict) and in high innovation leads to economic growth. For the economic development of our country, we have to use the natural resources in the optimum manner as we have scarce resources in our economy. One of the major resources in our country is Human resource which plays a crucial part in the process of economic development in comparison to other resources of the country. Many routinely adopted policies for entrepreneurship, such as provision of credit and education, are shown to have more subtle effects, not all of which are conducive to growth-enhancing entrepreneurship. The basic purpose of this paper is to examine the relation between entrepreneurship as a driver for economic growth in India at present. For this research the secondary data is used which has been collected from various authentic websites, magazines, books and journals.