Question

Analyse the contribution of Indian entrepreneurs in the field of industrial development?

Answer 1

nt. The relationship between entrepreneurship and
economic development is similar to the relationship between cause
and effect. It is the spirit of enterprise among people that leads to
the development of particular society. Entrepreneurship is directly
and indirectly responsible for the alround development of the country.
It has not only contributed to the economic development of the
country but also largely contributed for the industrial development
of the country. Even today, entrepreneurship is required in
agriculture, horticulture, sericulture, etc. for the development of
country as a whole. Entrepreneurship, therefore, in our country has
to subserve the national objective. There is an apparent conflict
between social objective and economic imperatives. This conflict
has to be resolved first by the individual entrepreneur in his own
mind and make economic growth, which includes industrial
development, as one of the instruments of attaining the social
objectives. A high sense of social responsibility is thus an essential
attribute of the emergent entrepreneurship in India.