Driving Innovation via Entrepreneurship in India’s Unorganized Sector

Amita Chaudhary, Priyanka Sharma () and Sandeep Singh
Additional contact information
Amita Chaudhary: University School of Business, Chandigarh University
Priyanka Sharma: University School of Business, Chandigarh University
Sandeep Singh: University School of Applied Management, Punjabi University

A chapter in Entrepreneurship in India's Unorganized Sector, 2025, pp 119-136 from Springer

Abstract: Abstract Entrepreneurship is now acknowledged as a key driver of economic growth, sparking extensive research. It involves seizing opportunities and creating value through resource management, including risk-taking and innovation. Beyond economic growth, entrepreneurship fosters innovation, addressing societal needs and contributing to technological breakthroughs. It also plays a vital role in regional development, revitalizing local economies and promoting inclusivity. India has witnessed a significant rise in entrepreneurship, driven by economic growth, access to capital, and government support. Well-designed policies aim to reduce unemployment and promote entrepreneurial development, particularly in unorganized sector. India’s favorable factors, such as a growing market, advanced technology, and supportive policies, make it an attractive hub for entrepreneurship. Despite challenges, the future of entrepreneurship in India looks promising, with the government's relentless efforts and increasing global recognition. Entrepreneurship in India’s unorganized sector holds particular promise, with policies directed toward its growth. India’s entrepreneurial landscape is poised to shape the nation’s economic growth and global presence positively.

Keywords: Entrepreneurship; Economic growth; Risk-taking; Innovation; Regional development; India; Government support; Unorganized sector (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-981-96-4313-4_8

Ordering information: This item can be ordered from
http://www.springer.com/9789819643134

DOI: 10.1007/978-981-96-4313-4_8

Access Statistics for this chapter

More chapters in India Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().