Future of entrepreneurship in India.

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The concept of an entrepreneur is refined when principles and terms from a business, managerial, and personal perspective are considered. Entrepreneurship is the dynamic process of creating incremental wealth. The wealth is created by individuals who assume the major risks in terms of equity, time and/or career commitment or provide value for some product or service. The product or service may or may not be new or unique, but value must somehow be infused by the entrepreneur by receiving and locating the necessary skills and resources efficiently and effectively.The future of entrepreneurship in India lies in the services sector, and the Government of India is providing support to encourage this trend.

Entrepreneurship

  • The business world is dynamic. The global markets are not only dealing in Indian entrepreneurial markets but also they are investing with them.

  • The Government of India promoted and supported small and medium-sized enterprises (SMEs) in India by establishing clusters across the country. District Industry Centres were established in all major cities and towns of India. Cottage industries were established and promoted through various support programs under the Khadi and Village Industries Commission.

  • Besides government initiatives, many private organizations are helping build the entrepreneurial ecosystem and related support services. A number of private incubators and accelerators have entered the field in the past few years, though most of these are located in the main technology hubs of the country such as Delhi-NCR, Mumbai, Bangalore, Pune, Hyderabad, Chennai, Kolkata, leaving a lot of scope for penetration to less prominent cities and towns.

  • Technology plays a crucial role in the future of entrepreneurship. Entrepreneurs have the chance to do both strategic planning and administrative work for their business. They can get involved in all sides of their business because the Internet makes it possible to do so.

  • Social media, for instance, is indispensable to any business, in any industry, as it offers a range of business benefits both internally, within a company, and externally, between a company and other nodes of the business, such as clients or suppliers. It will also be moving from an era of multinational businesses to one of the global small business. This means that anyone, wherever that person is located, can build a successful business if online tools are properly optimized.

Sachin Uppal is the chief marketing officer at Play Games 24*7 PVT LTD which is the largest producer of online and mobile games in India. Sachin Uppal also heads the marketing initiatives of Rummy Circle and Ultimate games which are a part of Play Games 24*7.