Podcast
Questions and Answers
What is the role of entrepreneurship in industrial development?
What is the role of entrepreneurship in industrial development?
- It is the result of industrial development
- It has no significant impact on industrial development
- It is the cause for industrial development (correct)
- It is a byproduct of industrial development
What was the traditional perception of business in India?
What was the traditional perception of business in India?
- It was considered the domain of only the wealthy
- It was considered the domain of scholarly challenged individuals (correct)
- It was considered the domain of the government
- It was considered the domain of the highly educated
What caught the interest of the Indian middle class regarding entrepreneurship?
What caught the interest of the Indian middle class regarding entrepreneurship?
- Economic liberalization (correct)
- International trade agreements
- Government subsidies
- Technological advancements
Which initiative by the government of India is mentioned as accelerating entrepreneurial projects among youth?
Which initiative by the government of India is mentioned as accelerating entrepreneurial projects among youth?
Who is mentioned as the Academic CoÂordinator in the text?
Who is mentioned as the Academic CoÂordinator in the text?
Flashcards
Entrepreneurship's Role
Entrepreneurship's Role
The primary driver of industrial growth and advancement.
Traditional View of Business
Traditional View of Business
Historically, it was seen as a path for those less academically inclined.
Economic Liberalization
Economic Liberalization
It sparked their interest in starting new businesses.
Start-up Village
Start-up Village
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Academic Coordinator
Academic Coordinator
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Study Notes
Entrepreneurship in Industrial Development
- Entrepreneurship plays a crucial role in industrial development as it stimulates innovation, creates jobs, and promotes economic growth.
Traditional Perception of Business in India
- Traditionally, business in India was perceived as a means to generate wealth and prestige, with a focus on trading and commerce.
Catching the Interest of the Indian Middle Class
- The Indian middle class became interested in entrepreneurship due to the possibility of creating something new and innovative, and the desire for autonomy and independence.
Government Initiative for Entrepreneurship
- The Startup India initiative, launched by the government of India, aims to accelerate entrepreneurial projects among youth by providing support, funding, and mentorship.
Academic Co-ordinator
- Dr. Sunil Shukla is mentioned as the Academic Co-ordinator in the text.
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