Sways of Globalization on Indian Entrepreneurs
Keywords:
International Business, Entrepreneurship, GlobalizationAbstract
Entrepreneurs are the backbone of any economy. Whenever any major change occurs at national economic policy, it brings direct impact on entrepreneurs. In Indian perspective, the adaptation of new economic policy (LPG model i.e. Liberalization, Privatization and Globalization) brought huge competition for Indian entrepreneurs due to entrance of multinational companies in Indian domestic market. The change in national economic policy also brought colossal opportunities for Indian entrepreneurs as the multinational companies require high quality vendor support and ancillarization. Hitherto, the sways of increased level of globalization on Indian entrepreneurs remain an unexplored area within the domain of international business. Against this backdrop, the present paper is an attempt to unfold the opportunities before the Indian entrepreneurs by overcoming the challenges emerged under the globalised regime.
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