Entrepreneurship in a Globalized Economy : What it Needs for India to Capture the Momentum

The study aims to examine the current trends and progression of entrepreneurship to familiarize ourselves with some the challenges faced by the budding entrepreneurs and identify opportunities available to them through changes in the ecosystem globally and at the national level. The study takes into account changes over last decade with respect to technology, ease of doing business, four E's (Education, Empowerment, Experience, Enterprise) that have evolved and created favourable environment for entrepreneurship development. To what extent regulations and access to modern technology such as the Internet help in making the Vision 2020 of India a reality? While funding for start up entrepreneurs remains a major challenge, new avenues are emerging. This paper discusses how start up business should make use of all these opportunities to create values for the market. The paper is orgamised in the following way. Firstly, the paper discuses the extent of technological disruption and reforms of regulatory system both at national and in global organisations such as WTO, World Bank, IMF, IDA. Then, how 4E's have changed the ecosystem. In next sections, detailed discussion on construct of ease of doing business and avenues of funding are taken up for discussion.