Authors :
Santhosh Thirugnanam; V. Ravichandran
Volume/Issue :
Volume 11 - 2026, Issue 7 - July
Google Scholar :
https://tinyurl.com/98fb5rv8
Scribd :
https://tinyurl.com/yc7xr8w6
DOI :
https://doi.org/10.38124/ijisrt/26jul1841
Note : A published paper may take 4-5
working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and
ResearchGate.
Abstract :
The vision of Viksit Bharat 2047 aims to transform India into a developed, resilient, inclusive, and innovationdriven economy by the centenary of its independence. Entrepreneurship has become a key driver of this transformation by
fostering innovation, generating employment, improving productivity, and strengthening global competitiveness. Although
India's startup ecosystem has expanded significantly over the past decade, sustainable entrepreneurial development depends
not only on the creation of new ventures but also on their long-term viability, innovation capability, and contribution to
national economic growth. This chapter examines the relationship between entrepreneurial intention, startup sustainability,
and global competitiveness within the context of India's entrepreneurial ecosystem. Adopting a conceptual research design
based on secondary data from Startup India, the Global Entrepreneurship Monitor (GEM), the Organisation for Economic
Co-operation and Development (OECD), the World Bank, the International Monetary Fund (IMF), the World Intellectual
Property Organization (WIPO), and Government of India publications, the study develops the Entrepreneurial
Sustainability–Competitiveness (ESC) Framework. The framework explains how entrepreneurial intention can be
translated into sustainable economic outcomes through startup sustainability, innovation capability, employment
generation, investment attraction, and enhanced competitiveness. Building on these insights, the chapter proposes a strategic
roadmap that emphasizes entrepreneurship education, innovation, institutional support, technology adoption, and global
market integration as key enablers of sustainable entrepreneurial growth. The chapter concludes that shifting policy
priorities from increasing startup numbers to strengthening startup sustainability is essential for advancing the vision of
Viksit Bharat 2047 and positioning India as a globally competitive entrepreneurial economy.
Keywords :
Entrepreneurial Intention; Startup Sustainability; Global Competitiveness; Viksit Bharat 2047; Startup India; Innovation; Entrepreneurship.
References :
- Ajzen, I. (1991). The theory of planned behavior. Organizational Behavior and Human Decision Processes, 50(2), 179–211.
- Bird, B. (1988). Implementing entrepreneurial ideas: The case for intention. Academy of Management Review, 13(3), 442–453.
- Creswell, J. W., & Creswell, J. D. (2023). Research design: Qualitative, quantitative, and mixed methods approaches (7th ed.). Sage.
- Global Entrepreneurship Monitor. (2024). Global Entrepreneurship Monitor 2024/2025 Global Report.
- Global Entrepreneurship Monitor. (2025). Global Entrepreneurship Monitor 2025/2026 Global Report.
- International Monetary Fund. (2024). World Economic Outlook 2024.
- Lackéus, M. (2015). Entrepreneurship in education: What, why, when, how. OECD.
- Organisation for Economic Co-operation and Development. (2024). Financing SMEs and Entrepreneurs 2024. OECD Publishing.
- Press Information Bureau. (2025). Nine Years of Startup India. Government of India.
- Shapero, A., & Sokol, L. (1982). The social dimensions of entrepreneurship. In C. Kent, D. Sexton, & K. H. Vesper (Eds.), The Encyclopedia of Entrepreneurship (pp. 72–90). Prentice Hall.
- Startup India. (2025). Startup India Factbook 2025. Department for Promotion of Industry and Internal Trade, Government of India.
- United Nations Conference on Trade and Development. (2024). World Investment Report 2024. United Nations.
- World Bank. (2024). World Development Report 2024. World Bank.
- World Intellectual Property Organization. (2025). Global Innovation Index 2025. WIPO.
The vision of Viksit Bharat 2047 aims to transform India into a developed, resilient, inclusive, and innovationdriven economy by the centenary of its independence. Entrepreneurship has become a key driver of this transformation by
fostering innovation, generating employment, improving productivity, and strengthening global competitiveness. Although
India's startup ecosystem has expanded significantly over the past decade, sustainable entrepreneurial development depends
not only on the creation of new ventures but also on their long-term viability, innovation capability, and contribution to
national economic growth. This chapter examines the relationship between entrepreneurial intention, startup sustainability,
and global competitiveness within the context of India's entrepreneurial ecosystem. Adopting a conceptual research design
based on secondary data from Startup India, the Global Entrepreneurship Monitor (GEM), the Organisation for Economic
Co-operation and Development (OECD), the World Bank, the International Monetary Fund (IMF), the World Intellectual
Property Organization (WIPO), and Government of India publications, the study develops the Entrepreneurial
Sustainability–Competitiveness (ESC) Framework. The framework explains how entrepreneurial intention can be
translated into sustainable economic outcomes through startup sustainability, innovation capability, employment
generation, investment attraction, and enhanced competitiveness. Building on these insights, the chapter proposes a strategic
roadmap that emphasizes entrepreneurship education, innovation, institutional support, technology adoption, and global
market integration as key enablers of sustainable entrepreneurial growth. The chapter concludes that shifting policy
priorities from increasing startup numbers to strengthening startup sustainability is essential for advancing the vision of
Viksit Bharat 2047 and positioning India as a globally competitive entrepreneurial economy.
Keywords :
Entrepreneurial Intention; Startup Sustainability; Global Competitiveness; Viksit Bharat 2047; Startup India; Innovation; Entrepreneurship.