In the context of globalisation of society, innovation and entrepreneurship is widely acknowledged as one of the most significant drivers of Economic expansion and sustainable growth, as it can significantly enhance trade competitiveness, generate employment and contribute to an equitable economic growth towards the vision of Viksit Bharat through innovation-driven entrepreneurial projects. This research examines the opportunities and ways in which entrepreneurship and innovation connect to increase international trade engagement and sustain the long-term. The study draws theoretical conclusions from Schumpeter's notion of artistic devastation to the current literature on globalisation to examine how technical adoption and institutional support, and policy frameworks affect enterprising outcomes (Schumpeter 1934, Acs & Audretsch 2010). The analysis shows that countries with investments in the inside innovation ecosystem have higher export potential and economic resilience (World Trade Organization, 2021). Furthermore, the implementation of a digital system and the green inventiveness have made it possible to improve sustainable trade practices. The results show that in order to have globally competitive entrepreneurs, there should be an integrative approach between the government policies, institutions and improvement of teaching. In the long term, this could contribute towards the economic sustainability of India and its commitment towards the Sustainable Development Goals.
Dr. Kanchan Zarekar (Sat,) studied this question.
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