Emerging Entrepreneur Trends

2567 Words11 Pages
Purpose – The purpose of this paper is to examine key emerging trends in Entrepreneurs in India its reasons for growth and impact towards economy and society as a whole.

Design /approach – The paper is primarily theoretical and observational. It is based on the review of major academic and managerial publications, it also include personal interview with few entrepreneurs.
Findings – Entrepreneurship activity has gone through overhaul process through last two decades.
Scale and scope of sourcing of business services from across firm and national boundaries is increasing. As business services get more industrialized, activities are being split into
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It is rightly believed that India has an extraordinary talent pool with virtually limitless potential to become entrepreneurs.
(http://www.iimm.org/knowledge_bank/14_entrepreneurship-challenges-in-21st-centuty.html )
Also there are wide range of avenues in terms education, financial backup, conducive socio-economic culture which has allured pool of talented people to take up entrepreneurship as a career option.
Government has taking initiative to bring array of programmes and funding offers for technological startups, Self employment schemes specially for youngsters/women living in rural areas. Which will in turn help entrepreneurs to start up new business where risk is high without hesitation as fear of failure is reduced with government and social- culture support.
Since traditional large employers- including the government and the old economy player-may find it difficult to sustain this level of employment in future, it is entrepreneurs who will create these new jobs and opportunities.

Hence, this issue has brought the attention of government and major player in the economy.
A recent Mckinsey & Company-Nasscom report estimates that India needs at least 8,000 new businesses to achieve its target of building a US$87 billion IT sector by 2008.
Similarly, in the next 10 years, 110-130 million Indian citizens will be searching for jobs, including 80-100 million looking for their first jobs. This does not
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