ENTREPRENEURSHIP COMPETENCIES DEVELOPMENT IN INDIA IN COMPARISON TO COUNTRIES FROM EUROPE AND NORTH AMERICA– AN OVERVIEW

Abstract

Since the last few decades, the idea of entrepreneurship has gained traction around the globe. For the Indian economy, this gearing initiated a competition with the rest of the world. A matter of relevance can be strongly established by understanding the need for harmonized entrepreneurship indicators which potentially prove as an information source to policymakers and other actors in the entrepreneurial ecosystem. This paper evaluates the pace of entrepreneurship in India and provides a basis for comparison with that of the developed countries. The overview is based upon variables considered important for the scope of further study in this domain. The data considered is till the extent of 2020-21, further laying emphasis on development of entrepreneurship in India and paving way forward for a self-sustainable economy. All data no relevant for this research has been discarded.