The document discusses the need for entrepreneurship in developing countries like India. It states that entrepreneurship plays a vital role in economic development and growth by bringing innovation, creating employment opportunities, and increasing profits. Entrepreneurship is important for providing inclusive growth and meeting the challenges of advancing technology through new ideas and reducing costs. The development of entrepreneurship is key for a country to become more developed and raise standards of living.

1. Need for
Entrepreneurship
Prepared By
Prasanth.S.R

2. Introduction
Every nation needs entrepreneurship for
the economic development. In capitalist
countries , entrepreneurship plays a vital role,
but in an under developed countries the
importance for entrepreneurship is low. In
developing countries there is equal importance
to government and private entrepreneurs.
Economic growth depends on the rate of
innovation in the economic field. Creative
entrepreneurs are agents of progress in the
society. The need of innovative entrepreneurs
is an unavoidable one in a progressing country
like India.

3. Life Line of a Nation
If one country wants to become a
developed nation, there must be more
importance for the development of
entrepreneurship. Entrepreneurship is
the yardstick to measure the level of
development of a country.

4. Provides Innovation
An entrepreneur is an innovator
who brings new ideas, products,
technology and market. Only through
the innovative ideas a nation can
become develop one.

5. Change of Growth / Inclusive Growth
An enterprise works in a dynamic
environment. In order to meet the
challenges of automation and advanced
technology, there must be more importance
for development of entrepreneurship.

6. Increased Profit
Profits can be increased in any
enterprise , either by increasing the sales
revenue or reducing cost.
Entrepreneurship by reducing cost ,
increase its profits and provides
opportunity for future growth and
development.

7. Employment Opportunities
Entrepreneurship and its activities
provide the maximum employment
potential. Growth of enterprises in a good
manner brings lots of employment
opportunities in a country. It brings more
national income and development.

8. Social Benefits
Origin of enterprises raises the standard
of living by providing good quality products and
services at the lowest possible cost. It also
makes the optimum use of scarce resources
and promotes peace and prosperity in the
country.