Entrepreneurship in an International Context - For India

Entrepreneurship in an International
Context

Table of Contents
Introduction................................................................................................................................2
Country chosen and conducive environment for entrepreneurship............................................2
Critical issues for developing SMEs within a country- national barriers..................................3
Role of SMEs in national development.....................................................................................5
Conclusion and implication........................................................................................................5
References..................................................................................................................................6

Introduction
A conducive ecosystem is foremost essential through a robust regulatory regime within any
country in order to nurture the development of technology, innovation and growth of start-ups
and small and medium enterprises to usher in entrepreneurial development (Gupta et al.,
2014). Within any economy the role of government is essential for bringing stability and
enhancement in policies for making macro environment conducive to develop
entrepreneurship. In this report, the conducive factors and critical problems faced while
developing SMEs within the country has been given. The country which has been chosen
within this assignment is India.
Country chosen and conducive environment for entrepreneurship
From the colonial times to modern Indian economy, India has opened its economy from
being closed; and right now, the youth who are more in India, wants employment. There is
increasing limitation on number of jobs for the youth, and there are no employment guarantee
programs provided by the government (Suresh and Ramraj, 2012). Hence, it falls on the
private organisations, through innovation to generate more jobs and employment. The
programs offered by the government is conducive for the people who are involved in labour
intensive organisations, which donot have any linkage with innovation. However, the main
target of the government is to reduce poverty and harness the innovation and technology
within India, through proper and rapid social and economic transformation, ability to develop
more job environment and creating policies conducive for a robust regulatory environment
(Suresh and Ramraj, 2012). The innovative and conducive environment should be able to
develop better entrepreneurship and growth and job opportunities, for the youth of the
country.
The innovative system of India, is complex and vast, and has various knowledge producers,
like technology and science institutions, innovating individuals, academia, and involving
knowledge users, and he government from independence has given more efforts in investing
in these subjects (Gupta et al., 2014). The government has also prioritised science,
technology, research development, and on IT infrastructure; and various councils and
research units under various ministries have been formed, that is to cater around arioso
institutions, and areas across the country. These research councils include council of
scientific and industrial research, Indian council of agricultural research, Indian council of