Challenges and Opportunities Faced by Innovative Entrepreneurs in India

Abstract

When scarce resources are organized and used effectively and innovatively, it leads to the overall development of the country. The process of effectively and innovatively organization of scarce resources is entrepreneurship. Entrepreneurship plays a significant role in the development of any economy. Entrepreneurship leads to employment-generating opportunities, rural development, technological development, national income, industrialization, export promotion, etc. In India, a large number of small, medium, and large entrepreneurs contribute to the process of economic development, and every entrepreneur has some challenges and opportunities. This paper aims to analyze the challenges and opportunities faced by innovative entrepreneurs in India.