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Monday, 11 September 2017

What Is Entrepreneurship journey of India?

Entrepreneurship introduces a critical element of dynamism into an economic system. The process of globalization & liberalization has introduced a set of changes like the introduction of dynamism into the system through the process of globalization. The Aim of the article is to elucidate the history of entrepreneurship, its development stages, it also discussed about eminent entrepreneurs from Indian history to present Era .The data has been collected from secondary source. Further, this paper depicts the role of women entrepreneurship in India. Since time in memorial women are contributing a great deal to the development of any nation across the world. It goes without saying that Indian women entrepreneurs have significantly contributed to the industrial development of India. Apart from giving good citizens to the nation, women have also given good organizations to the nation. 

1. Introduction The story of the Indian entrepreneurship is fills with paradoxes. During the pre-colonial and colonial era, the entrepreneur was seen more as a trader-money lender merchant, bound rigidly by caste affiliations and religious, cultural and social forces ranging from the philosophy of fate to the system of joint family. Entrepreneurship as the present era understands was definitely not forthcoming from this social segment. Political & economic factors had an extensive effect on the entrepreneurial spirit. There were many issues that impact negatively on Indian entrepreneurship like Lack of political unity and stability, absence of effective communication systems, existence of custom barriers and oppressive tax policies, prevalence of innumerable currency system until around the third decade of the 19th century.

2. History Of Entrepreneurship: The history of entrepreneurship in India starts in the era of Indus Valley Civilization. Its economy depended majorly on trade, which was facilitated by advanced transportation technology. During the copper age, the Indus Valley Civilization area showed ceramic similarities with southern Turkmenistan and northern Iran which suggested considerable mobility and trade. During the Early Harappa period (about 3200–2600 BCE), similarities in pottery, seals, figurines, ornaments, etc. document intensive caravan trade with Central Asia and the Iranian country. There was an extensive navigation trade network operating between the Harappa and Mesopotamian civilizations as early as the middle Harappa Phase, with much commerce being handled by modern Bahrain and Failaka located in the Gulf. Such long-distance sea trade became feasible with the innovative development of plank-built watercraft, equipped with a single central mast supporting a sail of woven rushes or cloth. History elucidates that Aside from the subsistence of agriculture and hunting, the Indus people supported themselves by trading goods. Through trade, the Indus Civilization expanded its culture, coming into regular contacts with faraway lands. 

 3. Eminent entrepreneurs in History & Their Journey towards entrepreneurship:
  • Jamsetji Tata (3 March 1839 – 19 May 1904)
  • Ardeshir Godrej (1868 - 1936)
  • Govindram Seksaria (October 19, 1888 - June 29, 1946)
  • Ghanshyam Das Birla (April 10, 1894 - June 11, 1983) 
  • Kailash Chandra Mahindra (1894 - 1963) 
9. References: 1. Swami Vivekananda ―Entrepreneurship on Focus‖ 
2. Wikipedia, http://en.wikipedia.org/wiki/Entrepreneur
 3 Jaggi Vasu dev, the 3 ‗I‘ mantras of entrepreneurs, Business Line, 2012 
4. Tata steel India, Pioneers, ―The men of Steel‖, jemshedji Tata profile. 
5. Scribd, History of entrepreneurship, entrepreneurship and SME Management. 
6. Economics of the Indus valley civilization, by Chad greenwood
 7. Ratnagar, Shereen (2006). Trading Encounters: From the Euphrates to the Indus in the Bronze Age. Oxford University Press, India 
8. Ozgurzan, ―Peter Drucker on Entrepreneurship‖
 9. The economist, Indian Entrepreneurs:
 10 Greatest Businessman from History 10.C.K.Prahlad, Entrepreneurs to Explore domestic opportunities,2008. 
11. Daniel Priestley, “The Future Of Entrepreneurship” 
12. Walchand Hirachand Doshi blogs, catalign innovation, 2011
 13. Forbes, 2013.

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