It’s the Entrepreneurs and not the Politicians who will change the face of Our Country -India
In the past years, there is a drastic change in the development of India. India is changing and developing in all the sectors at a very fast pace and this all resulted due to the policy of liberalization which made it easy and comfortable for the country and people to learn and have best of things. One of the major changes is the entrepreneurship. Now a day’s people prefer to own their own enterprises as the growth in this is fast and it is easier to start the same now. With the interference and exposure in foreign market the opportunities are actually increased. There is very much emphasis given even in schools and colleges to make students understand what entrepreneurship is and how is the same helpful. On the basis of education which is given to the students, they are actually able to enter in this field and attain new heights, in the past years many new comers entered this market and shown growth in this. In the past years we have seen that a huge number of Indians are able to make their place in the international markets like Narayan Murti, Azim Premji, and Ambani just due to their dedication and unique concepts. Even people are entering in the social fields as well for the welfare of the society many NGO like Teach for India. Jafri,Tata Jagriti Yatra are their which are very successful. To start enterprise funds are required many loans are there with which one can start an enterprise. The govt is supporting the new entrepreneurs and providing them with the best deals. These fresh entrepreneurs are helping India a lot in becoming a more successful and developed country and in the coming future they will also help the country in becoming supreme power as less depended on imports .
Entrepreneurship in India : A Historical perspective
Former society of India did witness the rigid caste system where four different castes were divided into community of priests, warriors, merchants & people who are indulged in menial jobs. The existence of merchant community since ages substantiates the existence of entrepreneurship but there has been a paradigm shift in the way entrepreneurship is defined. Entrepreneurship in India is not confined to conventional boundaries anymore and people who belong to other caste besides merchant community too are exploring new avenues in entrepreneurship. The advent of new means of advanced communication likes Internet and cutting-edge technologies have paved the way for the growth of entrepreneurship in India. The growing trend of Outsourcing has really opened up new business avenues for Indian budding entrepreneurs.
On a broader platform, an entrepreneurship can be classified into three different categories. First category comprises of people who hail from well established big corporate houses like Ambanis, Mittals, Tatas, Birlas, etc. The responsibility of managing the business is passed from one generation to another and these business houses have not only proved their capabilities at domestic front but they have also proved their mettle in the International market as well.
The next category comprises of those budding entrepreneurs who have recently graduated from management institutions and are full of ‘can do’ attitude and those who don’t shy away from taking business risks. The last category is comprised of product based trade entrepreneurs who are spread across cities, big / small towns & villages of India. It is an experience instead of knowledge which forms a basis for their entrepreneurship ability.
When we talk about entrepreneurship in Indian Scenario then unfortunately despite of talent and abundant manpower, India is way far behind than developed countries where entrepreneurship is not only encouraged but also gets nurtured by proper means and resources.
Though Indian Government took some effective steps in the form of liberalization and privatization during 90’s but still for Indian Government there is a long way to go in order to promote entrepreneurship in India.
Entrepreneurship is not everyone’s cup of tea. A person with strong will and wit is able to handle the gigantic task. There are many entrepreneurs who have touched the zenith and others who couldn’t make it. Apart from individual expertise there are many factors which are required to excel as an entrepreneur for example the right opportunity and field. There are many sectors which can be chosen as the business fields but there should be proper understanding of the same.
India is a country which over the years has come out as the land of opportunities; there are many options when it comes to starting a business in India.
1. Textile Industry: this industry has flourished since time immemorial. India is known for various state trademark clothes and garments like Kota doriya, Bandhani, etc. and one can easily set a manufacturing unit without much efforts.
2. Handicrafts: India is also known for its handicrafts which are peculiar to cities like Jodhpur, Bikaner. These cities are known for artistic wooden artifacts and lot of export is done from these cities. This business can readily fetch a lot of profit.
3. Tourism: this industry has grown with a rapid pace. The number of tourists who visit India have increased significantly.
4. Automobile: Many MNC’s believe that India is the biggest consumer market for their ventures and are opening their manufacturing units; in this sense automobile sector is also a good business option.
5. Ayurvedic Remedies: India is known for its Ayurvedic remedies also. Ayurveda has remedies for almost all illness and provides relief without any side effects.
6. Education Sector: Education is the need of the hour and this sector has transformed significantly. This sector is turning out to be the most profitable one.
These are certain major fronts which can be thought of while starting a business there are many more like: Recycling industry, packaging Industry, Food processing Industry, Biotechnology, Horticulture and many more. If one has strong will to start a business there are many options to choose from.
Whatever be the way, whatever be the field, a young entrepreneur is willing to take challenges and it is what India needs at this time. Galloping instead of treading is what India needs and it is what the budding entrepreneurs can provide it to India. An economic change is what brings change to the society at large and the country in the long run. The already established business leaders have brought India to a decent stature and now it is time for entrepreneurs to take it further.