Entrepreneurship and Economic Growth – an Obvious Conjunction?

BIRLA INSTITUTE OF TECHNOLOGY AND SCIENCES, PILANI

A REPORT ON

ENTREPRENEURSHIP AND ECONOMIC GROWTH – AN OBVIOUS CONJUNCTION?

SUBMITTED TO SUBMITTED BY

PROF. NVM RAO AISHWARYA KUMAR

2007B3TS873P

TABLE OF CONTENTS

Acknowledgements..............................................................................3

Introduction.........................................................................................4

Emergence of entrepreneurship as a factor of production..............5

Definitions of entrepreneurship over time........................................6

Quantification of entrepreneurship...................................................11

Perfect vs. Imperfect IPR Protection.................................................12

Empirical data( GEM).........................................................................17

Current Scenario of entrepreneurship in India................................22

Issues hindering entrepreneurship in India......................................23

Summary..............................................................................................25

References............................................................................................26

ACKNOWLEDGMENTS

I would first of all like to extend my deepest gratitude towards Prof. N.V.M. Rao, for giving me the opportunity to do a study oriented project titled ‘Entrepreneurship and Economic Growth: An obvious conjunction?’ under his kind guidance. Without his help this project would not have been a reality. I would like to thank him for his continuous support and for being my mentor and a very patient listener. It has been an invaluable experience working under such a great and learned Professor. I have...