Published Paper Details:

To provide decent living standard to everyone is an important objective of the government. Creation of productive employment is one of the effective ways to tackle this issue. However, India has failed to create desired level of job in recent decades during the structural reforms period. Rapid entrepreneurship development is need of hour to solve the problem of unemployment. It affects composition, pattern and pace of economic development in the country. We need competitive and productive MSMEs sector and new start-ups to realize the potential of India. Growth through entrepreneurship-led strategy will not only contribute in GDP but also create employment that is very important a country like India. Demand is no problem for India. We have huge domestic demand which majorly fulfilled by import. Entrepreneurship is essential to fulfill our own demand. Demographic dividend is an opportunity for India to take competitive advantage in production through various start-ups, but skill deficient working population is an obstacle in this path. We can overcome this challenge through proper manpower planning. Entrepreneurship has forward and backward effects on rural development, industrialization, technological development, export promotion etc. Nevertheless, government has attempted to revitalize entrepreneurship development in country but it is still faces many challenges. Therefore, an attempt has made to study the implications of the recent policy reforms of entrepreneurship and various issues and challenges in India in the wake of start-up, stand- up India and make in India programme. The study found that governments has given much attention on skill development to reap the benefit of demographic- dividend. Effective implementation and to provide suitable environment is still a difficult task. Study based on secondary data obtained from the Ministry of MSMEs, the MoF, and the CMIE, the annual economic survey report.