Impact of the Pandemic on Entrepreneurial Ecosystems

Abstract

Entrepreneurship is crucial for the global economy, as it helps ideas develop from the drawing board to an executable stage. An excellent economic state of a country is the outcome of a well-designed system where the stakeholders interact with each other towards innovation and social development. This study is an empirical investigation into the Covid pandemic and its effects on Indian entrepreneurial eco-system. Primary data was collected from 155 entrepreneurs of India, who were independent and first movers of entrepreneurs in their family during Covid times. Poor planning, exhausting resources, a slowdown in productivity, lower employment and employee retention were the after-effects of the pandemic. It was found that the pandemic negatively affected the entrepreneurial ecosystem and its stakeholders. However, Constant support by the government and well-designed policy measures would help assist existing businesses affected due to Covid-19 and encourage the entrepreneurial future in India