Revival of Ancient Indian Entrepreneurship Practices

Abstract

From the time immemorial Mother India denotes mother of the knowledge and mother of civilizations. India has maintained the continuity of its culture, perhaps better than any other civilization in the whole world, preserving its primary cultural and religious practices for over five thousand years.The civilization of India was rich not only spiritually, but also materially. It had great wealth in Agriculture, Textiles&Jewellery industry that made India a destiny for traders worldwide. According to Economist “Angus Maddison” in the world of Economy: A Millennial perspective, the region that today comprises the Indian Sub-Continent held the largest share of the world’s Gross Domestic Product (GDP) until the end of the 16th century.All these facts reveal that there was all round prosperity in every household and every Indian was free to practice their own traditional vocational trades/professions with entrepreneur required qualities, in ancient India.This fact would also appear from the views expressed by Fahien, Yuan Tsang Chinese monks travelled India during the rule of the Chandra Gupta Vikramadithya, and also during the reign of King Harshvardhan respectively. Lord Macaulay’s address to the British Parliament on 2nd February 1835 signifies the excellent spiritual culture, traditional vocational trades and traits very much prevailing in India, which contributed to India’s prosperity.The richness, prosperity of Indians became the eyesore to the foreign rulers, who dominated India for centuries and wanted India to remain slavers country forever. This evil intention ruined India economically, socially and spiritually, consequently, lost its individuality and its supreme culture eroded. Obviously the Indians who were masters, excellent entrepreneurs became employees and they were forced to work as slaves to foreign rulers.Even after the Indian independence, the social and political situation remained unchanged.The present day situation is envisaging some ray of hope, that India will definitely regain its lost and past glory in vocational professionalism and thus retain its top spot in the world. This paper deals with the undoing of the evil acts of past foreign rulers and ultimately makes India Jewel of all nations. It also suggests that practice of entrepreneurship is as important, if not more important to start- ups as well as within more established businesses in Indian context.