History of entrepreneurship in India
Since ancient times entrepreneurship prevailing in India. Here we cover a lot of examples which proves the history of entrepreneurship in India.
Routes of Silk Route and Spice Route
Trade and business began in India as a result of the development of international routes to achieve trading objectives. The street-roots of the network, which connects India to other countries led towards an area known as the Silk Route. The connection of the maritime route between India as well as other nations was called “the Spice route”.
Business within Ancient India
The Indian archaeological evidence has proven that entrepreneurialism had begun at the beginning of the ancient India. The trade culture developed through the Harrapan civilization created the commercial link that was a part of the Mesopotamia society. They traded their own hand-crafted items. For example, toys, pots, tools, and even corps, to meet their everyday needs. Business and commercial activities are prevailing in India in Harrapans period. They have also regulated a number of trades, various kinds of coins and handcrafted metals for export and import products. Following this, people transfer the materials to international and national countries and then the belief in their entrepreneurial spirit.
What is Barter System?
The bartering system was first discovered between 6000 and 7000 BC. Particularly, in India the ancient times, people dealt with the purchase and sale of goods using the exchange method. This method has been in practice for centuries, even before the invention of money. In this way was in use, people redesigned the exchange of goods and services to other goods and services, without using the use of coins or precious metals. Certain Indian researchers believe that barter was a popular method of exchange. Barter system first came into India in the Vedic period.
Industrialization of India
East India Company initiated Industrialization in 1673 in India. The Britishers were the ones responsible in introducing industries in India. They were in India for business reasons in the 19th century and industrial progress took place at the turn of the century. It was mostly, the private sector which was founded through the British. Industries are located situated in the east and west regions of India. East India Company played a significant role in the development of industrial production and also the quality of trade exports and import of goods on an international scale. It sparked a variety of social and political movements, like that of the Swadeshi Campaign. Manufacturing-related entrepreneurship, according to famous Indian academics is the direct result of the emergence in East India companies in India.
Conclusion
Entrepreneurship in Digital India
Today, we are still working the digital peer group that any packages their marketing. Family-owned entrepreneurship is a complement to Tata, Birla, Mital, Dalmia, and Jio Reliance continue to flourish and grow in India and across the globe. The people are constantly supporting the infrastructure and organization of India. We are moving to move forward in the field of entrepreneurship using the latest technology, and implementing it in the digital India. India is emerging as a hub of entrepreneurship in world as it improving its ranking in ease of doing business. So its also great time for India entrepreneurs to grab this opportunity and contribute the nation as a successful entrepreneurs. We also need some social entrepreneurs for the upliftment of the poor society.
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