A Comparative analysis of prominent factors affecting Entrepreneurship in India and China

  Abhishek Kumar,  Anshika Mishra

Entrepreneurship refers to a process that spearheads the process of growth and development of the nation. India is a developing country to make it on par with developed countries like the USA, Japan, and China; what is the need of an hour is the development of the sound entrepreneurial ecosystem in the nation. It is an activity through which an individual perceives an idea, visualizes it, acts upon it, and takes the economy towards progress and prosperity. Though a significant improvement has witnessed an up-gradation in ranking of India from 77th position in 2018 to 63rd position in the Ease of Doing Business Index in 2019 released by the World Bank, still a milestone needs to be achieved because several factors which are pivotal for the effective functioning of entrepreneurship are still needed to be reorganized. There is a need for an improvement in the entrepreneurial behavioural system. For which a proper motivation mechanism, early-stage entrepreneur's activities are needed to be analyzed and effectively supported to develop suitable entrepreneurial bases that will make entrepreneurship a prospective career choice for the nation's youth. This paper tries to develop a thorough understanding of the elusive term entrepreneurship. It also analyzes various factors affecting entrepreneurship between India and China based on the secondary data retrieved from the Global Entrepreneurship Survey conducted. It also suggests some further reforms so that entrepreneurship tremendously contributes to the nation's well-being.

Keywords- Entrepreneurship, Entrepreneurship in India, Entrepreneurship in China, Entrepreneurship Development programs in India.

Unique Identification Number - IJEDR2104032
Page Number(s) - 170-174
Pubished in - Volume 9 | Issue 4 | December 2021
DOI (Digital Object Identifier) -    http://doi.one/10.1729/Journal.28860
Publisher - IJEDR (ISSN - 2321-9939)

  Abhishek Kumar,  Anshika Mishra,   "A Comparative analysis of prominent factors affecting Entrepreneurship in India and China", International Journal of Engineering Development and Research (IJEDR), ISSN:2321-9939, Volume.9, Issue 4, pp.170-174, December 2021, Available at :http://www.ijedr.org/papers/IJEDR2104032.pdf