Ending Soon! Save 33% on All Access

How Entrepreneurship is Changing the Face of the Country The horizon of Entrepreneurship brings out a new scope for the creative minds to deal with the existing shackles in society

By Dr. Saarthak Bakshi

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Entrepreneurship is not just conceiving a business idea that too which is different from the world but also includes the passion it takes to translate this dream into Reality. Entrepreneurship is a very broad term and it takes a lot to be an Entrepreneur. There are several hurdles that come along the way in this journey and there are no short cuts except relentless hard work, willingness to achieve or a miraculous idea.

India is a country where individuals have loads of ideas, skill and intellect. Their combination of smart work and hard work complements to the extent that they are not only just benefiting themselves individually but also contributing to the growth of the country. Entrepreneurship certainly involves a lot of risks which can be taken by only a few. Still, India is swiftly developing with numerous novel entrepreneurs who are definitely changing the face of the country.

The Game Changer

Let's look into how the country has been growing rapidly with an augmented number of entrepreneurs in the country.

1. Economic Development: Not all entrepreneurs come from wealthy backgrounds. But there are many that strive to be successful. This ensures that the country is thriving to be economically developed and balanced. The government also supports people with small businesses with relatively low investments who are trying to come up in rural or semi-urban areas. With new workspaces coming up day in and out, this also brings in new and greater job opportunities which also results in a higher standard of living of the people. Such developments tend to evade the economic disparities that have been prevailing in the society.

2. Self-Sufficiency: With greater opportunities in the market for the people, this tends to people being indulged in producing greater economic activities. This makes people being self-reliant and independent economically. Their dependency on others is substantially reduced and they are liberated from economic hitches.

3. Improved Lifestyles of the People: With the creation of better jobs in the market, people shall earn more and take home more. This shall induce them to lead a better lifestyle and an improved standard of living. Entrepreneurship this helps in elevating their own and the people associated with them to lead better and enhanced lives.

4. Technological Advancements: The fresh and original ideas of the Entrepreneur result in novel production which requires a high level of technology and equipment. The dynamic technology is a boon to the system with its access to all sorts of information with a click of a button. Access to such technology enhances the working standards and makes the organization more dynamic. With this leap to move forward, the government of India also supports and instils in abundant confidence in the young minds and concepts. The entrepreneurs are supported by the government as well.

The horizon of Entrepreneurship brings out a new scope for the creative minds to deal with the existing shackles in society. It seeks to bring in economic stability, newer jobs, better standard of living, remove disparities and shall substantially lessen the gap between the rich and the poor. All of it is only possible when people start engaging themselves in business and economic activities. The people associated are also advanced which eventually results in greater benefits for all.

Dr. Saarthak Bakshi

Founder & CEO - International Fertility Centre

Saarthak Bakshi, Chief Executive Officer (CEO) of the International Fertility Centre. He is known for his persona as an engineer, an entrepreneur and a social worker. He soon realized that he has an inborn passion for entrepreneurship and went on to launch a slew of ventures including International Fertility Centre.

 
Leadership

How to Break Free From the Cycle of Overthinking and Master Your Mind

Discover the true cost of negative thought loops — and practical strategies for nipping rumination in the bud.

Side Hustle

These Brothers Had 'No Income' When They Started a 'Low-Risk, High-Reward' Side Hustle to Chase a Big Dream — Now They've Surpassed $50 Million in Revenue

Sam Lewkowict, co-founder and CEO of men's grooming brand Black Wolf Nation, knows what it takes to harness the power of side gig for success.

Business Culture

The Psychological Impact of Recognition on Employee Motivation and Engagement — 3 Key Insights for Leaders

By embedding strategic recognition into their core practices, companies can significantly elevate employee motivation, enhance productivity and cultivate a workplace culture that champions engagement and loyalty.

Leadership

How a $10,000 Investment in AI Transformed My Career and Business Strategy

A bold $10,000 investment in AI and machine learning education fundamentally transformed my career and business strategy. Here's how adaption in the ever-evolving realm of AI — with the right investment in education, personal growth and business innovation — can transform your business.

Science & Technology

3 Major Mistakes Companies Are Making With AI That Is Limiting Their ROI

With so many competing narratives around the future of AI, it's no wonder companies are misaligned on the best approach for integrating it into their organizations.

News and Trends

Synthetic Sparkles: These Startups are Offering Affordable and Sustainable Diamond Options

Lab grown diamond are deemed to provide 90 percent savings compared to earth-mined diamonds. The unethical practices associated with it such as slavery, underpaid, and underage workers, and a means to fund rebel groups and warlords have caused the mineral to be looked down upon