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The Growth of knowledge-intensive entrepreneurship in India, 1991-2007: Analysis of its evidence and the facilitating factors

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  • Sunil Mani

    (Centre for Development Studies)

Abstract

There has been a marked improvement in India's overall economic performance since 1991. One of the outcomes of this improved performance is the growth of innovations in the country. This was accompanied by or caused by the emergence of a number of knowledgeintensive enterprises. The paper takes a critical look at the available quantitative evidence on the growth of knowledge-intensive entrepreneurship. It then looks at five facilitating factors for the emergence of this phenomenon in terms of the existence of increased market opportunities, availability of financial support schemes in the form of venture capital funds, existence and enlargement of a number of government programmes, a number of private sector initiatives and education and training leading to the supply of technically trained personnel. The paper concludes with certain policy suggestions for the continued sustenance of this activity.

Suggested Citation

  • Sunil Mani, 2009. "The Growth of knowledge-intensive entrepreneurship in India, 1991-2007: Analysis of its evidence and the facilitating factors," Centre for Development Studies, Trivendrum Working Papers 409, Centre for Development Studies, Trivendrum, India.
    • Handle: RePEc:ind:cdswpp:409
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    References listed on IDEAS

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    1. Panagariya, Arvind, 2011. "India: The Emerging Giant," OUP Catalogue, Oxford University Press, number 9780199751563.
    2. Deepak Nayyar, 2008. "The Internationalization of Firms From India: Investment, Mergers and Acquisitions," Oxford Development Studies, Taylor & Francis Journals, vol. 36(1), pages 111-131.
    3. Basant, Rakesh & Chandra, Pankaj, 2007. "Role of Educational and R&D Institutions in City Clusters: An Exploratory Study of Bangalore and Pune Regions in India," World Development, Elsevier, vol. 35(6), pages 1037-1055, June.
    4. Kaushik Basu, 2008. "The Enigma of India," Journal of Economic Literature, American Economic Association, vol. 46(2), pages 396-406, June.
    5. Max Keilbach & Jagannadha Pawan Tamvada & David B. Audretsch (ed.), 2009. "Sustaining Entrepreneurship and Economic Growth," International Studies in Entrepreneurship, Springer, number 978-0-387-78695-7, December.
    6. Florian Taübe, 2009. "Diversity and the Geography of Technology Entrepreneurship: Evidence from the Indian IT Industry," ULB Institutional Repository 2013/206777, ULB -- Universite Libre de Bruxelles.
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    Cited by:

    1. ., 2013. "Explaining Success and Failure in Economic Development," Chapters, in: D. S.P. Rao & Bart van Ark (ed.), World Economic Performance, chapter 9, pages 227-267, Edward Elgar Publishing.
    2. Arindam Banerjee, 2009. "Peasant classes, farm incomes and rural indebtedness: An analysis of household production data," Centre for Development Studies, Trivendrum Working Papers 410, Centre for Development Studies, Trivendrum, India.

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    More about this item

    Keywords

    India; knowledge-intensive entrepreneurship; knowledge process outsourcing venture capital; angel financing; business incubators;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises

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