ENTREPRENEURSHIP IN INDIA: BARRIERS AND CATALYSTS FOR SUCCESS
Kapil Gulati , Asst Prof, MBA, HCTM, Kaithal-Ambala Road, NH-65, Kaithal, Haryana (136027), INDIAAbstract
Entrepreneurship in India presents a dynamic and complex landscape characterized by both significant opportunities and substantial challenges. This study, "Entrepreneurship in India: Barriers and Catalysts for Success," examines the multifaceted factors influencing entrepreneurial success in the Indian context. Through a comprehensive analysis of current literature, case studies, and empirical data, the research identifies key barriers such as regulatory hurdles, access to finance, and infrastructural constraints that entrepreneurs face in India. Additionally, it highlights the catalysts driving entrepreneurial success, including government initiatives, technological advancements, and a growing culture of innovation and risk-taking.
The study employs a mixed-methods approach, combining qualitative insights from interviews with Indian entrepreneurs and quantitative analysis of survey data. This methodology provides a nuanced understanding of how various factors interplay to either hinder or promote entrepreneurial activities. The findings reveal that while challenges like bureaucratic red tape and limited access to capital pose significant obstacles, supportive government policies, increasing access to digital tools, and a vibrant entrepreneurial ecosystem contribute positively to business growth and sustainability.
The research underscores the importance of a supportive infrastructure, policy reforms, and enhanced access to resources in fostering a conducive environment for entrepreneurship. It also highlights emerging trends and successful strategies that can serve as models for new and existing entrepreneurs. By providing a detailed examination of both barriers and enablers, this study offers valuable insights for policymakers, investors, and aspiring entrepreneurs seeking to navigate and thrive in the Indian entrepreneurial landscape.
Keywords
entrepreneurship, barriers, catalysts
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