Entrepreneurship has been found to be one of the greatest factors in economic growth, innovation and creation of employment in the contemporary economies. Entrepreneurship in developing nations like India is especially significant in terms of overcoming certain obstacles like unemployment, poverty, and regional inequality. Entrepreneurship helps in the dynamism of the economy as well as sustainable development since it encourages people to establish new enterprises and new business models (Audretsch and Thurik, 2001). Similar to other governments of the world in the past decades, various governments have appreciated the need of encouraging entrepreneurial ecosystems by providing education, supporting policies, and financing.
Ms. Priya Ramchandra Shitole (Sat,) studied this question.