Role of Entrepreneurs in Socio-economic Development

7/30/2019 Role of Entrepreneurs in Socio-economic Development

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Role of

entrepreneurs in

socio-economicdevelopment


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DEFInItIons

Socio-economic development is the processof social and economic development in a

society.

Economic development means a process of

upward change whereby the real per capita

income of the country increases over a long

period of time.


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Role of entrepreneurs in

socio-economic development

Employment generation

National income

Dispersal of economic power

Balanced regional development

Promotes country export trade


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Indicators

GDP

Literacy Rate

% of people above poverty line

Employment Rate


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GDP GROWTHRATE

YEAR GDP GROWTH

RATE %

1980-81 to 1990-91 5.6

1990-91 to 2000-01 5.6

2000-01 to 2004-05 6.3

2004-05 7.5

2005-06 8.4

2007-08 9.1


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India Literacy rates

(1951 2001)


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Unemployment rate*

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

unemploymen

t rate

8.80

%

9.50

%

9.20

%

8.90

%

7.80

%

7.20

%

2003 2004 2005 2006 2007 2008

* As of 16th May 2008


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Population below poverty line

56.40%

53.10%

45.70%

39.10%37.30%

28.30%

54.90%

51.30%

44.50%

38.90%

36%

27.50%

49%

45.20%

40.80%

38.20%

32.40%

25.70%

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Rural Total Urban

Rural 56.40% 53.10% 45.70% 39.10% 37.30% 28.30%

Total 54.90% 51.30% 44.50% 38.90% 36% 27.50%

Urban 49% 45.20% 40.80% 38.20% 32.40% 25.70%

1973-74 1977-78 1982-83 1987-88 1993-94 2004-05


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RANKING OF ENTREPRENEURIALLY ACTIVE SECTORS OF INDIA


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employment generation

Tata group is largest employer in private

sector (more than 3,00,000 employees)

Infosys started in 1981, has over 91000employees


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National income

National

Income

E

NT

RE

P

RE

NE

URS

Services

For exports

Production

For consumption

Imports

Goods


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Increase literacy

Infosys Education & Research group

conducts the Infosys Extension Program

(IEP), which consists of Infosys FellowshipProgram, Rural Reach program, Catch

Them Young and Train the Trainer

Bal Vidya Mandir by Birla group

Tata Institute of Social Science


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Balanced regional

developmentAs a part of the 'Adopt a Village"

Programme, the Reliance Energy, in

association with Forest Department of theGovernment of Maharashtra, has adopted

Kainad village for its strategy of developing

rural areas.

By providing public access to telephones,Mr. Sam Pitroda revolutionized the state of

telecommunications in India.


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Dispersal of economic

power Economic power is the natural outcome of

industrial and business activity.

Developing a large number ofentrepreneurs helps in dispersing the

economic power amongst the population


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Promotes export trade

Tata product and services are

exported to 85 countries.

Vijay mallaya group export over to 75

countries.


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HIGHlIGHts

At a time when the country was starved ofwholesome entertainment, Subhash Chandradeveloped Asias largest amusement and themeparks Essel World and Water Kingdom.

Spread over 64-acres of land in Mumbai,EsselWorld is Asias first eco-friendlyamusement park, meeting internationalstandards.

Essel Propack, established by Subhas Chandra,is the largest specialty packaging company inthe world.


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ContD

Subash chandra launched the first Hindi satellite channel- Zee Television. In less than seven years, Chandranurtured Zee into Indias most popular television networkand positioned it as a global brand with more than 500

million viewers in 120 countries

Infosys Foundation constructs hospital wards, donatesadvanced equipment, organizes health camps anddistributes medicines to the underprivileged sections of

society.

Aditya Birla Centre for Community initiative and ruraldevelopment


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REFEREnCEs

Datt, Ruddar and K.P.M. Sundharam, Indian

Economy

www.indiabudget.nic.inwww.indobase.com

www.censusindia.gov.in

www.wikipedia.org


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Thank you!

Documents

Role of Entrepreneurs in Socio-economic Development