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Driving Innovation via Entrepreneurship in India’s Unorganized Sector

In: Entrepreneurship in India's Unorganized Sector

Author

Listed:
  • Amita Chaudhary

    (University School of Business, Chandigarh University)

  • Priyanka Sharma

    (University School of Business, Chandigarh University)

  • Sandeep Singh

    (University School of Applied Management, Punjabi University)

Abstract

Entrepreneurship is now acknowledged as a key driver of economic growth, sparking extensive research. It involves seizing opportunities and creating value through resource management, including risk-taking and innovation. Beyond economic growth, entrepreneurship fosters innovation, addressing societal needs and contributing to technological breakthroughs. It also plays a vital role in regional development, revitalizing local economies and promoting inclusivity. India has witnessed a significant rise in entrepreneurship, driven by economic growth, access to capital, and government support. Well-designed policies aim to reduce unemployment and promote entrepreneurial development, particularly in unorganized sector. India’s favorable factors, such as a growing market, advanced technology, and supportive policies, make it an attractive hub for entrepreneurship. Despite challenges, the future of entrepreneurship in India looks promising, with the government's relentless efforts and increasing global recognition. Entrepreneurship in India’s unorganized sector holds particular promise, with policies directed toward its growth. India’s entrepreneurial landscape is poised to shape the nation’s economic growth and global presence positively.

Suggested Citation

  • Amita Chaudhary & Priyanka Sharma & Sandeep Singh, 2025. "Driving Innovation via Entrepreneurship in India’s Unorganized Sector," India Studies in Business and Economics, in: Leo-Paul Dana & Naman Sharma (ed.), Entrepreneurship in India's Unorganized Sector, pages 119-136, Springer.
    • Handle: RePEc:spr:isbchp:978-981-96-4313-4_8
    DOI: 10.1007/978-981-96-4313-4_8
    as

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