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India’s entrepreneurship policy: Future tasks and vision

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  • Koshy, Perumal

Abstract

Entrepreneurs and free enterprises are crucial for economic independence. Mahatma Gandhi gave priority to revitalizing entrepreneurship from the grassroots so that there would be a strong community of entrepreneurs to rebuild India. However, after independence, Indian economy emerged as a mixed economic system, with a plethora of regulations, inspectors, rules primarily targeting the businesses and entrepreneurs. Even the reforms heralded in 1991 could not completely demolish regulatory overburden that strangles entrepreneurs. Indian entrepreneurship policy framework and startup ecosystem has evolved over the years as one with potential to facilitate new venture creation at ease. The current ecosystem and reformed regulatory framework is much more entrepreneur and small business friendly. However, much needs to happen at the ground level. This article looks at how entrepreneurial ecosystem evolved and emerged in India. How was it envisioned and how it shaped up during the decades under various Indian governments? And it concludes with a note on future task and scope.

Suggested Citation

  • Koshy, Perumal, 2019. "India’s entrepreneurship policy: Future tasks and vision," MPRA Paper 97830, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:97830
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    File URL: https://mpra.ub.uni-muenchen.de/97830/1/MPRA_paper_97830.pdf
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    References listed on IDEAS

    as
    1. Koshy, Perumal, 2019. "Integration into formal enterprise space: Challenges and opportunities for informal sector entrepreneurs," MPRA Paper 95346, University Library of Munich, Germany.
    2. World Bank, 2019. "Doing Business 2019," World Bank Publications - Books, The World Bank Group, number 30438, December.
    3. World Bank, 2020. "Doing Business 2020," World Bank Publications - Books, The World Bank Group, number 32436, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Entrepreneurship; Policy; India; Startup; Ecosystem; Businesses; Reforms; Business incubators; Finance for Entrepreneurs;
    All these keywords.

    JEL classification:

    • L5 - Industrial Organization - - Regulation and Industrial Policy
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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