Analysis of factors of advantages and disadvantages in the business scenario of northeast India: The entrepreneur’s perspective

Abstract

A country’s development depends upon the synchronous development of its each and every region and part. Various authors and researchers in their studies and research advocated for the same (Datt and Ravallion 1996; Lucas 1988; Mazumdar 1996; Preston 1979). However, for India, the concept of equal growth and development falls short with imbalanced growth and development in certain regions and parts. The northeastern region of India, comprising eight states (Sikkim, Assam, Manipur, Meghalaya, Mizoram, Tripura, Nagaland and Arunachal Pradesh), is experiencing imbalanced regional growth. The region is considered the economic laggard of the country due to an inefficiently managed economy, lack of political vision and inefficiency in exploring the abundant natural resources of the region (Singh 2016).