Entrepreneurship Development through Agripreneurship in India

Abstract

An entrepreneur is a person who has possession of a new enterprise, venture or idea and assumes significant accountability for the inherent risks and the outcome. Entrepreneurship plays an important role in the economic growth and development of any nation. Successful entrepreneurial start-ups includes identifying unmet demand, developing new products which meet changing market conditions, producing marketing and financial plans, weighing up risks and rewards and having the necessary resources to launch the business. An entrepreneur is a critical factor in economic development and an integral part of the socio-economic transformation. Agriculture is the back bone of Indian Economy accounting for 25 per cent share in the gross domestic product (GDP). An Agripreneur undertakes a variety of activities related to agriculture to start agri-business, change a business's direction, acquire a business and is involved in innovatory activity in agricultural value addition. Today, the business environment consists of many complex interrelated elements viz., customers, competition, economic factors, social and demographic trends, government policy and technology. Agripreneurship requires identification of new opportunities as well as imagination, commitment, decisiveness and self confidence in agripreneurs. Amidst the changing paradigms and demanding global structure, India, in order to remain a front-runner needs to primarily focus on the agriculture sector by developing agripreneurs with distinct traits and skills to exploit opportunities galore in the field of agriculture.