Role of Entrepreneurship in Economic Development - with Special Reference to Emerging Market Economies

This is a conceptul paper on importance of right type of entrepreneurship for economic growth in emerging economies of the world like India and China. Traditionally the Indian Society is risk averse. What is seen to day is that the growth of GDP and increasing rate of entrepreneurial activities in all sectors of the economy. An attempt is made to assess the emergence of next entrepreneurial wave in India, in the light of past history.