Published Paper Details:

Abstract: The outbreak of ongoing COVID-19 pandemic has taught many lessons not only to India but to the whole world. Following the trends of the World, Indian economy has shrunken for a while and has left a very long impact on ongoing economic development. Effects are enormous and it has led to a new serious issue of scarcity and unemployment in the society. Most of the private firms has lay-off their employees in order to save themselves from this mounting losses. Unemployment rate were at 6.1% highest ever since 45 years, also registered electric generation growth at 1.8% lowest since 1990. The study suggested how the governments programs related to digital and make in India initiatives has helped new entrepreneurs to grow in this tough time. The study has been done purely on secondary data which aims to provide better prospects and idea about the challenges faced by entrepreneurs in India and various Government schemes introduced and initiatives taken by center and the state to support millions of young and potential entrepreneurs. Under Make in India 2.0 and vocal for Local initiatives has resulted in drastic improvements in ease of doing business ranking in India. India has registered the highest annual FDI inflow of US $ 81.72 billion (interim figure) for the last 2020-21 financial year compared to US $ 45.15 billion in 2014-2015. Growth was enormous till the outbreak of COVID-19, with its challenges it has opened new path for the young entrepreneurs to grow under new circumstances.