Entrepreneurship and Indian Economy: Role of Government Policies in Entrepreneurship Development.
16 Pages Posted: 29 Nov 2005
Date Written: February 2, 2003
Pattern of entrepreneurial activities in India has undergone a sea change in the later half of the 20th century, more towards the end of it. From being a government dominated sector in the immediate post-independence scenario to a one with reasonable space for operation of private entrepreneurs, this transition has not been a smooth one at all. In fact, at every step, the country has learnt by experience. We attempt to briefly and sequentially enumerate the policies followed by the government of India with respect to entrepreneurial activities since its birth as an independent democracy, and their economic implications. We attempt to bring out two main issues in this context, one being the public sector - private sector debate, and the other being the foreign entrepreneur - domestic entrepreneur tussle. We use some elementary microeconomics in trying to show the problems posed by these issues, and methods in which the government may intervene to improve situations.
Keywords: Entrepreneurship, Indian Economy, government
JEL Classification: L50, A00
Suggested Citation: Suggested Citation