Rural Entrepreneurship-Opportunities and Challenges

India lags behind the first land countries and some of its new world counterparts in the organized sector. An average Indian is widely believed to be a risk-averse individual and this tendency has traditionally led a huge section of skilled and semi skilled population of the country to look for a secure naukri(Job). However, this has primarily been an urban phenomenon. Some facts can help clear the picture. According to the NSSO info (2006-7), there are 16.5 million do sector enterprises in India, which employ about 33.5 million workers. Out of the 16.5 million service sector enterprises, 85% are own account enterprises (OAEs). everyplace and above that, out of the 33.5 million workers, 76% are rude workers. The shares of the annual gross value addition (GVA) of the hoidenish and urban sectors are 15% and 85% respectively. What does this picture add up to? If we analyze the above facts carefully, we will notice that despite be the employer of 76% of the sum of money service sector workforce, the rural department contributes only 15% of the total GVA of the services sector. The urban segment, though working with only 15% of the total workforce in the services sector, contributes a staggering 85% share of the total GVA.

This shows the scope of increase in the productive capacity of the rural workforce of the services sector in India, a huge percentage of which is involved in own account enterprises (meaning entrepreneurial ventures, mostly informal-unregistered ones). The above facts conjure up an interesting collage. behind the above facts be used to build up a term as informal entrepreneurship? We believe our rural counterparts thus outdo us as far as the routine of entrepreneurs is concerned, though they may be informal OAEs. Gandhis vision of India as a self-sufficient village economy could not be realized. However, the figures mentioned above reveal the fact that not much has changed as far as the preferences of the rural population are concerned. around of the... If you want to get a full essay, order it on our website: Orderessay

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