A Study of Recent Policy Reforms that Led to Entrepreneurship Development in India


Authors : Ankit Yadav; Dr. Himanshu Mohan; Dr. Anu Kohli; Pragya Verma

Volume/Issue : Volume 9 - 2024, Issue 6 - June

Google Scholar : https://tinyurl.com/yhrys3cp

Scribd : https://tinyurl.com/ycyy6v3v

DOI : https://doi.org/10.38124/ijisrt/IJISRT24JUN566

Abstract : Entrepreneurship is critical to every country's economic growth since it acts as a catalyst for economic success by creating jobs, contributing to national income, rural development, balancing regional development, export promotion, technological development, and so on. Since India's independence, the government has periodically taken steps to promote entrepreneurship, but none of these efforts has been particularly successful in fostering the type of disruptive growth that would otherwise be seen in the country. To address these obstacles, the government recently introduced a new set of policy reforms that have resulted in a startling improvement in recent years. The aim of this paper to study these recent reform and reason that made India 3rd largest start up ecosystem and a hot spot destination of start up in the world.

Keywords : Entrepreneurship Development, Policy Reforms, Start Up, Self-Employment, Skill Development.

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Entrepreneurship is critical to every country's economic growth since it acts as a catalyst for economic success by creating jobs, contributing to national income, rural development, balancing regional development, export promotion, technological development, and so on. Since India's independence, the government has periodically taken steps to promote entrepreneurship, but none of these efforts has been particularly successful in fostering the type of disruptive growth that would otherwise be seen in the country. To address these obstacles, the government recently introduced a new set of policy reforms that have resulted in a startling improvement in recent years. The aim of this paper to study these recent reform and reason that made India 3rd largest start up ecosystem and a hot spot destination of start up in the world.

Keywords : Entrepreneurship Development, Policy Reforms, Start Up, Self-Employment, Skill Development.

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