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ABSTRACT
The development of entrepreneurship is directly concerned with economic development of the nation by contributing in national income and employment generation. It is contributing about 60 percent employment share in developed countries. The government is continuously promoting the entrepreneurship development for eradicating the problem of employment and poverty. India has major opportunities for development of entrepreneurship. There are numerous sectors of business remains undeveloped. That is now creating new scope for development of entrepreneurship in India. Instead of huge entrepreneurial opportunities, country has challenges for its development. Infrastructure and lack of entrepreneurial competencies is the most affecting challenges in front of Indian entrepreneurs. In this paper, researchers are trying to present the major challenges and burning opportunities of entrepreneurship development in India.
Keywords: Entrepreneurship, Infrastructure, Economic Development, Employment.
INTRODUCTION
The economic developments of advanced developed countries are the evidence of development of entrepreneurship. The advance countries of the world are presenting the good relationship between entrepreneurship and economic development. In addition, the developing countries are eager to maintain these programs for development of entrepreneurship in the country such as Make in India & start-up India is also good step for development of entrepreneurship but in the course of implementing these programs, entrepreneurs have to face various challenges like easy access of finance by funding agencies. The access of fund at startup stage is very tough and for running of enterprise requires working capital but the procurement of fund for day-to-day expenditure is not easy. Therefore, financial problem is affecting at startup stage and working stage, competing with existing competitors that running in global market. Finding suitable skilled employee and their technical expertise major challenges for entrepreneurship development in the country are. Due to lack of entrepreneurial knowledge, entrepreneurs are facing the problems of vision development of the enterprise. It is the root cause of failure of 70 percent new small startup enterprise in India. The small entrepreneurs are now facing difficulties because of hunting marketing strategies of big player in the market. They are producing small to big products for each segment of the market and they always work for dominating the small entrepreneur for widening their market share & market coverage. And the small entrepreneur need fund to fight from them but...