ROLE OF THE STATE IN CULTIVATING AND NURTURING ENTREPRENEURIAL CULTURE IN LIBERALIZED INDIA - A FOCUS ON PROSPECTIVE YOUNG ENTREPRENEURS

Entrepreneurs carry the economic world on their shoulders. They take risks and face all uncertainties that are hidden in any market ventures. They are working hard for enhancing social well-being and productivity. Entrepreneurs do not come from vacuum. They need a conducive entrepreneurial culture for their thriving and preservation. In this article I explore the need and significance of the role of the state in creating conducive entrepreneurial culture for young, educated and talented prospective entrepreneurs in India. More than fifty per cent of Indian population are youth so we cannot let their future to be taken care of crony capitalism alone. We should help them to reach their own destiny on their feet. Cultivating a new entrepreneurial class of youth who can tap the economic potential of liberalised India is one of the major objectives of the state. State is not a passive spectator of the onward march of crony corporate capitalism is the basic premise upon which this article has been articulated.