The capacity to see a market need for a new product and then fill it is at the heart of what entrepreneurs do. According to conventional neoclassical theory, a country's economic development is contingent on its degree of technology, as well as its availability of both labor and capital. Both primary and secondary sources were used in this investigation. A descriptive and cross-sectional survey approach was used for this investigation. Since there was a dearth of chronological data on Indian entrepreneurship and long-term economic development, a narrative-textual case study approach was used. This research suggested that individuals may be more oriented toward self-sufficiency if there was better governmental coordination and stability, the provision of required infrastructure, and curricular improvements. Micro- and small- and medium-sized enterprises (SMEs) that are thriving are crucial to a nation emerging from an economic crisis and creating a thriving economy. Nonetheless, policymakers should take note of these findings because they suggest that, in addition to concentrating on more conventional causes of economic development, a nation should also allocate resources toward actively supporting entrepreneurialism.

Entrepreneurship, Economic, Development, Innovation, India