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Paradoxes abound in the  Story of Indian Entrepreneurship .  The entrepreneur was considered during the pre-colonial and colonial eras more as a trader-money lender merchant, rigorously constrained by caste ties and religious, cultural, and social influences ranging from the concept of fate to the joint family system. Entrepreneurship as we know it now most certainly did not emerge from this social group. A wide range of political and economic variables had an impact on the entrepreneurial spirit. Numerous factors had a negative effect on Indian entrepreneurship, including a lack of political unanimity and stability, ineffective communication systems, the presence of customs barriers and repressive tax laws, and the use of numerous different currencies up until the third decade of the 19th century. Over the previous two decades, India has developed from an IT services and business process outsourcing hub to a substantial R&D center for international corporations, with new ...

The Story of Indian Entrepreneurship is full of paradoxes. In the pre-colonial and colonial periods, the entrepreneur was primarily viewed as a trader-money lender merchant, who was severely bound by caste relationships and religious, cultural, and social factors including the idea of fate and the joint family system. There is little doubt that the modern concept of entrepreneurship did not develop inside this socioeconomic group. There were many different political and economic factors that affected the entrepreneuria l spirit. Ineffective communication infrastructure, the establishment of customs obstacles and harsh tax regulations, the usage of multiple different currencies up until the third decade of the 19th century, and a number of other problems all had a detrimental impact on Indian entrepreneurship. India has transformed over the past two decades from a centre for IT services and business process outsourcing to a sizable R&D hub for multinational firms, with new busin...