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CURRENT SCENARIO OF ENTREPRENEURSHIP IN INDIA

According to the Global Entrepreneurship Monitor (2007) report,


Indias High-Growth Expectation rate is only one-fifth of that of China.
while Chinas nascent and new entrepreneurs appear to be the most
growth-oriented, with more than 10 per cent anticipating high growth.
According to the NSS ( National Service Scheme ) 62nd round, in rural
India,
Almost 50 per cent of all workers are self-employed
57 per cent among males and nearly 62 per cent among females,
The NSSO (National Sample Survey Organization ) defines a selfemployed person as one who has worked in household enterprises as
own-account worker; worked in household enterprises as an employer
or worked in household enterprises as helper.
The essential feature of the self-employed is that they have autonomy
(decide how, where and when to produce) and economic
independence (in respect of choice of market, scale of operation and
finance) for carrying out their operation.
According to the 5th Economic Census conducted by the Central
Statistical Organization (CSO), there are 41.83 million establishments
in the country engaged in different economic activities other than crop
production and plantation.

Five states viz. Tamil Nadu (10.60 per cent), Maharashtra (10.10
per cent),West Bengal (10.05 per cent), Uttar Pradesh (9.61 per
cent) and Andhra Pradesh (9.56 per cent) together account for
about 50 percent of the total establishments in the country. The
same five states also have the combined share of about 50 per
cent of total employment.
Entrepreneurship has gained greater significance at global level
under changing economic scenario.
It admits environment of super mall culture we find plenty of
scope for entrepreneurship in trading and manufacturing.
Then who is an Entrepreneur ??????????????
An entrepreneur is a person who is able to look at the
environment, identify opportunities to improve the environmental
resources and implement action to maximize those opportunities.
it is important that he should have entrepreneurial skills that will
be needed to improve the quality of life for individuals, families
and communities and to sustain a healthy economy and
environment.
This is why entrepreneurship is considered to be a prime mover in
development of nations.

Economic structure is very dynamic and extremely competitive due to


the rapid creation of new firms and the exit of 'old' stagnant and
declining firms.
Redefining entrepreneurship Organizations will face seven trends in
the next decade as they flight to survive, grow and remain
competitive.
Speed and uncertainty will prevail.
Technology will continue to disrupt and enable.
Demographics will dictate much of what happens in business.
Loyalty will erode.
Work will be done anywhere, anytime.
Employment as we know it will disappear.
Women Entrepreneur:
Women entrepreneurs have been making a significant impact in all
segments of the economy in India, Canada, Great Britain, Germany,
Australia and the United States. The areas chosen by women are retail
trade, restaurants, hotels, education, insurance, and manufacturing.
Women takes up business enterprises to Profession as a challenge and
an independent occupation. With the spread of education and new
approaches/awareness,

women entrepreneurs are achieving higher level of 3Es,


namely: (i) Engineering (ii) Electronics (iii) Energy.
Opportunities :
Free entry into world trade.
Improved risk taking ability.
Governments of nations withdrawn some restrictions
Technology and inventions spread into the world.
Encouragement to innovations and inventions.
Promotion of healthy completions among nations
Consideration increase in government assistance for
international trade.
Establishment of other national and international institutes to
support business among nations of the world.
Benefits of specialization.
Social and cultural development.

Challenges:
Problems of raising capital
Difficulty in borrowing fund.
Thought-cut completions endangered existence of small companies.
Problems of availing raw-materials.
Problems of obsolescence of indigenous technology
Increased pollutions Ecological imbalanced.
Problems of TRIPS (Trade-Related Aspects of Intellectual Property Rights)
and TRIMS (Trade-related Investment Measures).
Exploitation of small and poor countries, etc.
Suggestions:
Govt. should provide separate financial fund of womens entrepreneur.
Govt.should provide her special infrastructure facilities what ever she
Needs.
Govt. should arrange special training programs of women
entrepreneurship
Govt. should felicitated top ranker womens entrepreneur.
Women entrepreneur should more competitive and efficient in the local &
international market.
Govt. should invite successful women entrepreneurs from foreign
countries.

Out of total 123.98 million people in India, in the 2002s, females


comprise 437.10 million representing 46.5 percent of the total
population.
There are 126.48 million women workforce but as per the 1991 census,
only 1, 85,900 women accounting for only 4.5 per cent of the total selfemployed persons in the country were recorded.
As per a rough estimate the number of SSIs are expected to be2.5 billion
having 9% women entrepreneurs in to it.
Considering this trend, women participation in another five years was 20
% more, raising the number of women entrepreneurs to about 5,00,000.
Combined effect of motivational drive, preparation of information
material, conducting training, creation of women industrial estates, and
training of promoters and use of mass media all together is bound to
accelerate the process of women entrepreneurship development.
psycho-social factors: which is stopping growth of women
entrepreneurs
Poor self-image of women
Inadequate motivation
Discriminating treatment
Faulty socialization

Role conflict
Cultural values
Lack of courage and self-confidence
Inadequate encouragement
Lack of social acceptance
Unjust social, economic and cultural system
Lack of freedom of expression
Afraid of failures and criticism
Susceptible to negative attitude
Low dignity of labour.
Rural Entrepreneur :
Rural Entrepreneur Succeeding as an entrepreneur and an
innovator in todays world.
Indian rural economy is also experiencing behavior of
entrepreneurial. Aim of most farmers is to earn profits from
farming as from any other business,
There for entrepreneurship is not simply adoption of new activity
but it is transformation of a person from traditional of modern.

Opportunities For Rural Entrepreneurs:


Crashed Scheme for Rural Development
Food for Work Programs
National Rural Employment Programs
Regional Rural Development Centers
Entrepreneurship Development institute of India
Bank of Technology
Rural Innovation Funding
Social Rural Entrepreneurship.
Challenges For Rural Entrepreneurs:
Growth of Mall Culture
Poor Assistance
Power Failure
Lack of Technical know how
Capacity Utilization
Infrastructure Sickness

Present Entrepreneurial Scenario :


There are ample opportunities in small businesses are there in India
such opportunities will transform India in the coming future. For such
transformation to happen there needs to be supporting both at the
governmental and societal level.
The scope of entrepreneurship development in our country is
tremendous.
since there is widespread concern that the acceleration in GDP growth in
the post reforms period.
Results of the 57th round of the National Sample Survey Organization
(NSSO) show that unemployment figures in 2003-04 were as high as 8.9
million.
Incidentally, one million more Indian joined the rank of the unemployed
between 2005-06 & 2007-08. The rising unemployment rate (9.2% 2008
est.) in India has resulted in growing frustration among the youth.
In addition there is always problem of underemployment. As a result,
increasing the entrepreneurial activities in the country is the only solution
left with govt.
The reports prepared by Planning Commission to generate employment
opportunities for 10 crore people over the next ten years have strongly
recommended self-employment as a way-out for teaming unemployed
youth.

Supporting Organizations:
The Government has setup various organizations which
specialize in industry promotion & entrepreneurship
development in different sectors. The organizations provide
policy framework support, in addition to training & financial aid.
Khadi & Village Industries Commission
COIR Board
Small Industries Development Bank of India
National Manufacturing Competitiveness Council
National Skill Development Corporation
State Level Initiatives:
Individual states across India have setup specially focused
organizations which work towards the development & support
of small scale industries. These organizations run specific
promotional schemes in addition to providing financial support
to industries.
List of State Financial Corporations (SFCs)
List of State Industrial Development Corporations (SIDCs)

Development Support Organizations:


Government of India has also set up various organizations that
are at the forefront in providing support and training for the
budding entrepreneurs. Few of them are:
Central Footwear Training Institute - Agra
Indo-German Tool Room - Ahmedabad
Indo-German Tool Room -Aurangabad
Central Institute of Tool Design - Hyderabad
Central Tool Room - Ludhiana
Indo-German Tool Room - Indore
Central Tool Room & Training Center - Bubhaneshwar
Circle Telecom Training Center - Kolkata
Indo-Danish Tool Room - Jamshedpur
Institute for Design of Electrical Measuring Instruments
Electronics Service & Training Center - Ramnagar
Fragrance & Flavour Development Center - Kannuaj

Industry Associations:
There are a variety of associations which help & encourage the
cause of industry. These associations provide support &
strength to the entrepreneurs & the organizations they setup.
Additionally, industry association networks are crucial in
steering government policy & action as well.
Complete list of Industry Associations
National Bank for Agriculture & Rural Development (NABARD)
Laghu Udyog Bharati (LUB)
Federation of Indian Chambers of Commerce and Industry (FICC
I)
Confederation of Indian Industry (CII)
The Associated Chambers of Commerce and Industry of India
(ASSOCHAM)
Federation of Indian Micro and Small & Medium Enterprises (FI
SME)
World Association for Small and Medium Enterprises (WASME)
India Trade Promotion Organisation (ITPO)
Technology Innovation Management and Entrepreneurship Info

International Organizations:
Akin to national industry and sector based networks, an even
higher responsibility lies with global associations which chart
out the developmental role to be played by various
international governments while forming their trade & industry
policies.
International Network for SMEs
WIPO Small and Medium-Sized Enterprises
United Nations Industrial Development Organization
World Trade Organisation
European Commission - Enterprise & Industry
Innovation - SMEs
Canadian International Development Agency
Small and Medium-sized Enterprise Center, Canada
SME Centre, Hongkong
Small and Medium Enterprises in Ireland
SME Information of Japan

World Trade Centre, Mumbai


Small and Medium Enterprise Development Authority, Pakistan
Swedish International Development Agency
Department for International Development, UK
Ministry of Economy, Mexico
Small and Medium Enterprises Development, Washington, USA.
CONCLUSIONS:
Entrepreneurship development is the key factor to fight against
unemployment, poverty and to prepare ourselves for
globalization in order to achieve overall Indian economicprogress.