Entrepreneurship and Role of AI

Abstract

The focus on promotion of entrepreneurial activities has been always crucial for economic development of the successful nation. Entrepreneurs are the leaders who innovate and invent ideas that give stimulus to economic growth activities. In the modern era, entrepreneurship is a key determinant of sustainable growth. Literature explains different types of entrepreneurs that are dominant in explaining the economic growth. This study investigates several inhibitors of entrepreneurship in the perpetual economy of India. Study further explores the different motivators of entrepreneurship and examines the impact of those entrepreneurial motivators on economic growth and employment. A focus group interview was conducted with entrepreneurs in 2017. Now a days advancement of technology and Artificial Intelligence (AI) has touched every sphere of our life. This paper tries to focus on the impact made by AI in entrepreneurial activities. In general, factors that enrich entrepreneurship include encouraging social entrepreneurship, improving institutional environment and supports from international organisations. For growth of the country practical implications has been identified, such as improving institutional development, creating supportive business environment with e-commerce, and promoting social entrepreneurship, security.