The Financiers: The Factual Progress Motorists of Indian Economy

Abstract

The development and growth of a nation depends on its human resources and their capability to transform the available resources into a productive asset, and this capability exists in an entrepreneur. Thus an entrepreneur is a major contributor in growth of the economy. He is the one who generates income, increases the level of employment, achieves sustainable growth, and thus play a pivotal role in economic growth. They are the masters of their own destiny. Realizing the significance of new ventures and startups our present government have left no stone unturned in giving a boost to this sector. The recent schemes and policies announced by the Modi government have laid down the foundation of a nation which soon will become self reliant, the conducive environment being provided to the entrepreneur have spurred the growth of new start ups in the recent past. This paper tries to explore the factors that have led to growth of new breed of entrepreneur in the country, and also the challenges that they are facing. The paper also reviews the policy work of government that have facilitated to the ease of doing business in India.