|
It is evident from history that Indian society is
caste dominated. Basically, there are four castes
of people in India: Brahmins, Kshatriyas, Vaishyas
and Shudras. The Vaishya caste is itself an example of Indian entrepreneurship.
Post- independence and pre-liberalization, India witnessed the Hindu rate of growth which
was approximately 3.2% in the 1970s and witnessed an upswing thereon. India moved from being
an agrarian society to an industrialized one.
In the Indian environment, Indian entrepreneurs have a markedly different style
of planning and execution when compared to the
rest of their counterparts across the world. They
are more focused in thought, have a global reach
and are more proactive and prompt in execution.
The Indian government had direct control over the Indian market. In the states of
Maharashtra, Gujarat, Kolkata (then Calcutta) and Chennai
(then Madras) textile handlooms dominated the
market. Post-liberalization the scenario changed.
Now there exists a global playing field, which
threw open tremendous opportunities for the entrepreneurs.
Structural changes including rational tax systems were introduced and employed and
these made the ends loose. An entrepreneur is one
who would generically convert an idea and develop
a differentiated product by fulfilling a market
need. Successful entrepreneurship means achieving
the ultimate aim of the business. |
