An important component of dynamism is introduced into an economic system through entrepreneurship. A number of changes have been brought about by the processes of globalization and liberalization, such as the system's introduction of dynamism.

1. History of Entrepreneurship in India

2. POST HIGHLIGHT
An important component of dynamism is introduced into an economic system through
entrepreneurship. A number of changes have been brought about by the processes of
globalization and liberalization, such as the system's introduction of dynamism.
Entrepreneurship remains a human enterprise that contrives goods and assistance approaching
marketing purposes. That is also qualified for perceiving ventures and interests in that manner. It
is an action that executes expansion in a country. It intensifies commercial and social progress in
the world. This method is called entrepreneurship. Let’s learn the History of Entrepreneurship
in India through this blog.#ThinkWithNiche

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Paradoxes abound in the story of Indian entrepreneurship. The
entrepreneur was considered during the pre-colonial and colonial eras
more as a trader-money lender merchant, rigorously constrained by caste
ties and religious, cultural, and social influences ranging from the concept
of fate to the joint family system. Entrepreneurship as we know it now
most certainly did not emerge from this social group. A wide range of
political and economic variables had an impact on the entrepreneurial
spirit. Numerous factors had a negative effect on Indian entrepreneurship,
including a lack of political unanimity and stability, ineffective
communication systems, the presence of customs barriers and repressive
tax laws, and the use of numerous different currencies up until the third
decade of the 19th century.
India's claim to independence was the creation of an environment favora
ble to the growth of entrepreneurship. The later development and expans
ion of Indian entrepreneurship must be viewed against this vast backdrop.
Growth of Entrepreneurship:
The Second World War boom, which attracted many entrepreneurial
people from many walks of life, including businessmen, artisans, etc., to
the small industrial sector as entrepreneurs, is largely responsible for the
expansion of entrepreneurship, particularly in the small scale sector.
Many highly trained individuals started small businesses during this time
using outdated equipment and private funding.

4. India started deliberate economic development programmes after
gaining independence in all economic areas, including small businesses.
Routes – Silk Route and Spice Route
The company and trades commenced in India following the evolution of
global routes for trading goals. India went correlated to abutting foreign
countries within the network street-roots heading to the Silk Route. The
maritime route connection between India and other foreign countries
was known as the Spice route.
Trade and Business in Ancient India.
The Indian Archaeological evidence has shown that entrepreneurship
had started in the early age of ancient India. The trading culture mainly
followed by the Harrapan civilization established a commercial
connection with Mesopotamia society. They used to exchange their
handmade-craft products. Like toys, pots, utensils, and corps to fulfill
their daily needs. The Harrapans period of marked as commercial and
business activities in India. They have regulated few trade activities,
different types of coin and handcrafts metals as import and export
products. After this civilization people, transport the material to
national and international countries and followed believed in their
entrepreneurship.
What is Barter System?
The history of the bartering system had emerged in 6000 to 7000 BC.
Specially, In India, ancient people handled buying and selling products
through the exchanged method.

5. The system has existed for centuries, long before money was invented. While this method,
people revised services and goods for other services without practicing coins and precious
metals. Some Indian experts believe that the Barter system first appeared in India during the
Vedic era.
Industrialization in India
The process of industrialization had started by the East India Company in 1673 in India. The
Britishers were responsible for the introduction of the industry cultures in India. They came to
India for business purposes in the 19th century, and industrial advancement occurred in the
20th century. It was mainly, the private sectors that were established by the British. The
industries are in the west and east parts of India. The East India Company played a huge role in
industrial development and the quality of trade export and import of goods at the international
level. It generated a slew of political and social movements, such as the Swadeshi Campaign.
Manufacturing entrepreneurship, according to eminent Indian academics, is a direct result of
the arrival of East India companies in India.
Famous Entrepreneurs In History
Doshi Walchand Hirachand (23 November 1882 – 8 April 1953)
All of the pre-independence era's significant building projects were planned and carried out
under Walchand's direction. Later, Premier Construction was given a new name with a
significant Tata involvement. Later in life, he founded the Scindia Steam Navigation Company, a
shipping business that went on to control 21% of Indian coastal traffic. The earliest automobile
plant in India is called Premier Automobiles, followed by Hindustan Aircraft, a contemporary
shipyard, and Hindustan Shipyard Limited.
J. M. S. Tata (3 March 1839 – 19 May 1904)
He was regarded as the founding father of Indian industry.

6. Jamsetji was truly exceptional due to his entrepreneurial knowledge and patriotic vision, which
led him to feel that the benefits of his economic success would benefit the nation as a whole.
The British government's oppression of Indians at the time, along with the generalized poverty
in the country, was the inspiration behind this entrepreneur's concept. His entrepreneurial
journey began with the establishment of a cotton mill in Bombay, followed by another in
Nagpur.
Ardeshir Godrej (1868 - 1936)
The Godrej group of firms was founded by Ardeshir Godrej, who lived from 1868 to 1936.
Despite studying law, Ardeshir Godrej struggled to succeed as a lawyer. He so traveled to
Bombay and began employment as a chemist's assistant. He had excellent business sense and
saw an opportunity in everything. He began producing the medical equipment needed by
surgeons with a loan from his father's acquaintance. tools including forceps, surgeon's scissors,
and scalpels. He went to the boss of the business where he was an attendant after he was
confident that his equipment was top-notch.
Entrepreneurship in Digital India
Today, we continue exercising the digital peers that anyone package develops their marketing.
The family entrepreneurship complements like Tata, Birla, Mital, Dalmia, and Jio Reliance
continue fasting flourishing enterprise in India also to over the world. People are continuously
encouraging the organization and infrastructure of India. We are proceeding to approach
forward entrepreneurship by application of recurring modernized technology and
implementation in digital India.

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