This article analyzes the link between entrepreneurship and economic development in India using data from the Global Entrepreneurship Monitor and Indian government sources. It finds that as India's economy grew after 1991 reforms, entrepreneurial activity as measured by total early-stage entrepreneurial activity and small-scale industries also increased. However, some states showed higher rates of registered small firms correlating with economic development, suggesting a shift to more opportunity-driven entrepreneurship. The study aims to contribute to understanding entrepreneurship in developing countries by exploring these relationships in the context of India's growth.