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Published
2026-08-03
Section
Regular Issues
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Copyright (c) 2026 Artha: Journal of Business and Finance
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How to Cite
Does Entrepreneurship Drive Economic Growth? Insights from India
Sagartirtha Chakraborty
Suresh Kumar Nath
Keywords: Entrepreneurship, Economic growth, GDP, Innovation, Startup
Abstract
Entrepreneurship is the process of ‘creative destruction’ and it is viewed as one of the main supporting blocks of economic growth. Considering a period of 24 years from 2001 to 2024, we assess the relationship between economic growth and entrepreneurship in India. Findings from multivariate regression analysis highlight that entrepreneurship is a significant driver of India’s economic growth. However, challenges such as continued limitations on ease of doing business, skewed distribution of capital, lack of product demand, and skill deficits still hinder the nation’s entrepreneurial landscape. We finally discuss how our entrepreneurial ecosystem requires adequate government funding in R&D, patent application approvals, incubation
networks in tier-II and tier-III cities, and the integration of targeted skill development programmes to continue to drive the nation’s sustained economic growth.
Author Biographies
Sagartirtha Chakraborty, Cotton University
Sagartirtha Chakraborty is a Ph.D. Research Scholar in the Department of Economics at Cotton University, Assam. His work focuses on the areas of international relations, entrepreneurial ecosystems, and contemporary policy narratives on geopolitics. His work has also appeared across several internationally recognised platforms, including the London School of Economics and Political Science, Leiden Madtrics, Eurasian Review, along with Assam Statistical Atlas, and more than 15 edited volumes.
Suresh Kumar Nath, Cotton University
Suresh Kumar Nath is an Associate Professor in the Department of Economics at Cotton University, India. He served as the Registrar of Gauhati University, Assam during 2014-2019. His work focuses on the areas of entrepreneurship development, educational economics, and policy narratives on gender and migration. Dr. Nath’s peer-reviewed articles are published in various journals, including Small Enterprises Development Management & Extension (SEDME), Space & Culture, Socio-Economic Challenges, Gauhati University Institute of North East India Studies (GUINEIS), Srotaswini etc., to name a few.
