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THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Mubin Taj

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Paper Contents

Abstract

Entrepreneurship plays a vital role in driving economic development in India, fostering innovation, job creation, and economic growth. By introducing new products, services, and technologies, entrepreneurs enhance productivity, competitiveness, and overall economic performance. They also contribute to social change, improve living standards, and address societal needs - Job Creation: Entrepreneurs generate employment opportunities, reducing unemployment and boosting economic activity.- Innovation: They introduce novel solutions, products, and services, driving technological advancement and competitiveness.- Economic Growth: Entrepreneurship contributes to GDP growth, increases per capita income, and fosters economic stability. Social Impact: Entrepreneurs address social and economic challenges, improving living standards and community development. Government initiatives like Startup India and Make in India aim to promote entrepreneurship, supporting economic growth and development.

Copyright

Copyright © 2026 Mubin Taj. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Paper Details
Paper ID: IJPREMS251200007741
ISSN: 2583-1062
Publisher: ijprems
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The International Journal of Progressive Research in Engineering, Management and Science is a peer-reviewed, open access journal that publishes original research articles in engineering, management, and applied sciences.

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