The economic prosperity of India mainly depends upon the success of industrial as well as agricultural sectors. Owing to the limitations of the agricultural sector in contributing adequately to the economy, the industrial sector, which is affluent with resources, has assumed greater importance in this regard in our country. Realizing the importance of industrial sector to economic development, our planners have aimed at accelerating industrial development through rapid industrialization by exploitation and effective utilization of the rich, natural and physical resources our country is endowed with. Moreover, the planners have also realized that the roles of the people and their abilities have to play in this stupendous endeavor is supremely important and that any negligence of the human factor would only enfeeble the economic prosperity of the country. Consequently, the industrial policies of the government and the successive five-year plans reiterate the government’s intention to stimulate and promote the human factor in industrial development. Thus, the entrepreneur has come to assume an important place and become the nerve center of all economic activity. The development of entrepreneurship, which is a human activity, has become imperative in view of the economic development and prosperity of our country.
Indian Member 40.00
Others Member 3.00