Entrepreneurial Practices and Employment Development in India: An Empirical Analysis of Post-COVID

Abstract

Entrepreneurship in India is a catalyst for a nation’s growth and development. Other countries, like Japan, Russia, the USA, have remarkable growth in entrepreneurial practices, which also leads to their country’s growth and prosperity. Their economies are much more robust and self-dependent. It contributes considerably to production, and this sector creates nearly one-third of total export. The study explores the impact of entrepreneurial registrations on the country’s economic development, especially employment. Unemployment in the country is a major problem that needs to be tackled. A country’s growth and development have a robust positive relationship with the number of its population’s employment. A country with colossal work has excellent development chances as the economy’s demand and supply side is balanced. The study aims to find the statistical relationship between entrepreneurial rolls and employment generation. It has used the existing literature as a secondary source to fulfil this purpose. Some statistical tools are employed to check the trend and relationship between the variable and concludes that entrepreneurship has a vast potential to solve various economic problems. Still, it needs proper guidelines, assistance and support (financial, technical and legal) to boost economic condition.