Nature’s laws take precedence over all state laws. Nature is geared towards the survival of the fittest. Being free and independent is the only way to survive. But, we are all bound by a web of conformity and comfort woven by family, culture, religion, and social order. We can break the barriers by following our creative instinct.
How can we train ourselves to trust our creative impulses? The foundation of the modern world is education. It is a means of enhancing creativity, intelligence, comprehension, and other abilities. The goal of education is to raise self-reliant and independent individuals. In India, there are about 139.4 crore people. The government alone cannot provide for such a large population. In 2022, 27.1 percent of students were enrolled in higher education. Approximately 42.6% of the workforce is employed in agriculture, 25.12% in industry, and 32.28% in services, according to the 2019 Statistics. The central government offers 14% of the central public sector jobs. Thus, life is a race that we must win by staying in front of the pack or we could begin our competition.
According to Adam Smith, the development of an economy rests on free and independent individuals putting up their best efforts. It concludes that the youth should be free and independent to pursue their goals. Education with freedom will ensure non-conformity and creative impulse. It will further help us to relearn creativity. Education, freedom, and creativity will give access to new opportunities that will lead to self-reliance and economic development. Through influencing life opportunities, entrepreneurship transcends academic disciplines and has an impact on social satisfaction levels. The skills acquired will help transition into the modern economy.
India was a "third-world" country after it gained independence from the British Empire in 1947. India is thought of as a developing country though it ranks sixth in the world in terms of GDP.
India is expected to develop at a rate of above 7% in the current fiscal year ending in March 2023, the quickest of the major economies. India, like China, has a large population, which results in a relatively low GDP per person while being a very wealthy country. India's economy is diverse, encompassing both conventional and contemporary agriculture, handicrafts, and a wide range of industrial items. Due to its big and highly educated population, India is a significant exporter of software workers, corporate outsourcing services, and IT services. Let’s now learn why entrepreneurship is important for society:
To normalize India’s entrepreneurial culture, the government is implementing new policies and initiatives. Some problems must be resolved if India wants to increase entrepreneurs and become self-reliant. Red tapism is one of the main obstacles facing the business industry. Numerous authorities must be contacted, and there is a ton of paperwork. This lengthens the time it takes to complete a task, which lowers the productivity of administrative labor. The lack of cooperation at vertical and horizontal levels of administration is another issue. It’s essential to integrate all the policies and programs to make entrepreneurship a success in India. Third, the government should provide tax breaks to indigenous industries to hasten their expansion. On the other hand, it ought to boost the import of high tech. India will be able to compete with the rest of the globe with the rise in high-tech imports. Time will be saved, and production will rise. The government ought to prioritize research and development. It promotes creativity, innovation, and advancement, and research and development (R&D) is a significant factor in economic growth. Spending on R&D can require a lot of resources, but it can also result in innovations that boost customer welfare and profit.
By changing our thoughts, we can change our lives. For India, entrepreneurship is a path toward self-reliance. One of the best ways to create unanticipated opportunities and develop is through entrepreneurship. Entrepreneurs like Ritesh Agarwal, Binny Bansal, Sachin Bansal, and Bhavish Agarwal inspire others to try and try again. By strengthening the producer, building an e-commerce platform, and offering localized incubation support to the indigenous company, entrepreneurial abilities can be improved. By Advancing the development of self-sufficient technologies in fields such as artificial intelligence, robotics, automation, electric and fuel cell cars, solar cells and modules, electricity storage systems, and more India can orient its growth towards self-reliant India. Late Dr. APJ Abdul Kalam visioned India as a developed nation. To fulfill his vision, we must aim towards a self-reliant, self-sustainable, innovatively sound, and developing India.