Development of Entrepreneurial Class

The paper after analyzing the historical factors on the emergence of entrepreneurial class in predominantly agrarian Europe and Britain from the social class of affluent trading community, migrant community or a class within the a society yet distinct in nature, attempts to tress the nature of development of entrepreneur class in different parts of India. By the middle of 19^th century, India had a fairly developed business community. Indian entrepreneur class developed mainly from business community such as bania among Hindus, Parsis in Gujarat, Subarna Baniks in Bengal. Since Gujarat was the most urbanized in India, there were a well developed entrepreneurial class consisting of Hindu banias, Muslim business community as well as Paris. The Environmental Conditions Stable government. External security (protection from war and invasion) Internal security have influence the emergence of entrepreneurial class. Yet the analysis finds that it is capability of investment funds with these communities that enabled them to emerge as the entrepreneurial class. The paper also looks into different types of entrepreneurial classes that are existing in the modern world.