EVOLUTION OF ENTREPRENEURSHIP IN INDIA by S.N. Soundara Rajan and M. Senthil
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- EVOLUTION OF ENTREPRENEURSHIP IN INDIA by S.N. Soundara Rajan and M. Senthil
- Price : 200.00
- Published on May 29, 2013
- Global Vision Publishing House
- Language - English
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About this issue
This paper presents a summary of the evolution of entrepreneurship in India and discusses the trends of entrepreneurship evolved over a period of time. It describes the phases of entrepreneurship in ancient period, under British colonization, during freedom struggle, post independence, after liberalization and during the new economy era. Till 18th century, the Indian entrepreneurs dominated the world trade along with China. India’s share of the world GDP was equal to China and Europe around 350 years ago, thanks to the entrepreneurial spirit of its people. India has a long history of entrepreneurship. It dates back to the pre-Vedic period when Harappa culture flourished in India. With the invasion of Moghul emperors and then the mighty Great Britain, the Indian entrepreneurship decimated to sidelines. But the native entrepreneurial spirit never died. Post independence, the Indian Government concentrated on heavy industries and the private entrepreneurship blossomed in all other areas. Though the license raj curtailed the expansion spree, with the liberalisation and economic reforms in the last decade of twentieth century, the Indian entrepreneur picked up speed on the track. The twenty first century perhaps will witness the history repeating itself. India and China may emerged once again to dominate the global trade.
About EVOLUTION OF ENTREPRENEURSHIP IN INDIA by S.N. Soundara Rajan and M. Senthil
Global Journal of Business Management Vol. 1 No. 1, June 2007