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Role of Disruptive Technology Innovations in Sustainable Entrepreneurship Development for Economic Prosperity in India: An Empirical Study

In: Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD 2024)

Author

Listed:
  • K. Vishaal

    (Central University of Tamil Nadu, Department of Economics)

  • Soummya Chowdhury

    (GITAM (Deemed University) Hyderabad Campus, School of Business)

  • Shobha Mishra

    (GITAM (Deemed to be) University- Hyderabad Campus, School of Business)

  • Arun Mittal

    (Birla Institute of Technology (Deemed University))

Abstract

Technological innovations have created a wealth of entrepreneurial opportunities worldwide, and India’s vibrant tech ecosystem is harnessing this wave of disruption to foster growth and innovation. The adoption and integration of digital technologies are widely seen as key drivers of sustainable entrepreneurship. Innovation, now a critical force in promoting sustainability, has been instrumental in addressing environmental challenges. The digital revolution has significantly aided efforts to battle climate change and foster sustainability, empowering entrepreneurial organizations to adopt creative solutions to navigate complex, persistent challenges. The evolving landscape underscores the increasing role of entrepreneurship in driving economic growth, fostering innovation, and advancing societal development. Moreover, the evolving digital landscape highlights the growing importance of entrepreneurship in driving economic growth. As new technologies emerge, they create opportunities for entrepreneurs to innovate, generate jobs, and stimulate local economies. Entrepreneurs (sample size 242) from different sectors were surveyed to know the role of “Disruptive Technology Innovations” and the impact of “Disruptive Technology Innovations on Sustainable Entrepreneurship and Economic Prosperity”. It is found that Driving Market Disruption and Transformation, Sustainability and Social Impact, Global Connectivity and Access and Healthcare and Life Sciences are different role of “Disruptive Technology Innovations” and there is significant impact of “Disruptive Technology Innovations on Sustainable Entrepreneurship and Economic Prosperity”.

Suggested Citation

  • K. Vishaal & Soummya Chowdhury & Shobha Mishra & Arun Mittal, 2024. "Role of Disruptive Technology Innovations in Sustainable Entrepreneurship Development for Economic Prosperity in India: An Empirical Study," Advances in Economics, Business and Management Research, in: Saurabh Gupta & Himanshu Vaishnaw & Manoj Kumar Mishra (ed.), Proceedings of the 5th International Conference on the Role of Innovation, Entrepreneurship and Management for Sustainable Development (ICRIEMSD 2024), pages 396-409, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-612-3_26
    DOI: 10.2991/978-94-6463-612-3_26
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