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Entrepreneurship and Indian Economy: Role of Government Policies in Entrepreneurship Development.

16 Pages Posted: 29 Nov 2005  

Shantanu Bagchi

Towson University - Department of Economics

Debabrata Pal

Jadavpur University

Date Written: February 2, 2003

Abstract

Pattern of entrepreneurial activities in India has undergone a sea change in the later half of the 20th century, more towards the end of it. From being a government dominated sector in the immediate post-independence scenario to a one with reasonable space for operation of private entrepreneurs, this transition has not been a smooth one at all. In fact, at every step, the country has learnt by experience. We attempt to briefly and sequentially enumerate the policies followed by the government of India with respect to entrepreneurial activities since its birth as an independent democracy, and their economic implications. We attempt to bring out two main issues in this context, one being the public sector - private sector debate, and the other being the foreign entrepreneur - domestic entrepreneur tussle. We use some elementary microeconomics in trying to show the problems posed by these issues, and methods in which the government may intervene to improve situations.

Keywords: Entrepreneurship, Indian Economy, government

JEL Classification: L50, A00

Suggested Citation

Bagchi, Shantanu and Pal, Debabrata, Entrepreneurship and Indian Economy: Role of Government Policies in Entrepreneurship Development. (February 2, 2003). Available at SSRN: https://ssrn.com/abstract=858044 or http://dx.doi.org/10.2139/ssrn.858044

Shantanu Bagchi (Contact Author)

Towson University - Department of Economics ( email )

Towson, MD 21204
United States

Debabrata Pal

Jadavpur University

Raja S. C. Mullick Road
Jadavpur, Calcutta 700032
India

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