Professor & Director, DAV Institute of Management, Sector-10, Chandigarh, E-mail: drroshanlal999@gmail.com
Online published on 28 May, 2020.
Entrepreneurship in India is rightly defined as a rich man's monopoly & a poor man's golden dream. With the end of the license raj, a good amount of opportunity was given to upcoming entrepreneurs in India but without a proper policy & sufficient financial support from the government, the result is a haphazard growth of industries & business. With oil prices reaching a high, inflation touching Himalayan peaks it is a make or break for the interested entrepreneurs. During the recession time, many banks including international ones having gone bust, there is no financial support in the form of loans, etc to be given to the prospective entrepreneurs. The outbreak of pandemic Corona Virus (Covid-19) all over the world has disturbed the political, social, economic, religious and financial structures of the whole world. The situation of the World has become worst. As a result, the normal process of establishment & nurturing, the young entrepreneurs are in danger and on the other hand, institutions which depend upon industries & business people for fulfilling their placement commitments to their students are increasingly at disadvantageous position. It appears that both the modern entrepreneurs & the technical institutions are at the cross roads, whether to meet for a healthier growth & development or depart on different tunes in different directions leaving the scenario unchanged for the worse to come. In this situation, what should be the role of budding entrepreneurs coming out of deemed universities & other higher institutions and that of industry leaders whether they are MNC'S or SSI'S is the topic of discussion in this paper.
