I'm now writing a very informative blog about a general topic which would be very knowledgeable to all the people those who read it. I'm writing about the reasons for the Rally in entrepreneurship.

There are various reasons for the boost to entrepreneurship in India. Before there was no such boom for the start ups but now we are seeing new and innovative start ups and business associations getting formed. Do you ever wonder what are the reason for this sudden increase in the entrepreneurial activities in India. Yes, I'll answer to it. The reasons for sudden boost of entrepreneurship in India are:

1. Industry structure: Performance of the firm's in terms of economic growth is shaped by the level of which the prevalent or existing industry structure is efficienctly utilising the scare resources for effective production.
2. New technologies : This factor is related to the above industry structure factor. Fundamental change in the nature of technological development have led to dis-economies of scale. People are using the technological in a very effective as well as efficient manner.
3. Deregulation and privatization: Now companies are having very less regulations with less license and only few government regulations or controls. Many state- owned enterprise have also been privatised leading to greater role for private sector. Entrepreneurship gets a big boost by this.
4.  Formation of new business communities: Efficiency in the market which is a result of new technologies have made the cost of transaction very less and we can see recent advances in the information technology has made the interfirm co-ordination comparatively cheaper than the intra firm co-ordination.
5. Increase in the demand for variety: many studies have showed that smaller business firms are coming up with new and innovative ideas in manufacturing their products. Changes in consumers taste and preferences is the major cause for the growth of entrepreneurship. People will choose the product's that are specifically designed to meet their special needs. PEOPLE now do not like the mass produced homogeneous goods, instead they demand for change. They don't appeal the homogeneous products anymore.
6. Service sector: increase in the per capita income of the country has led to greater share of service sector in the national economy. The average size of many of the firms in majority sections of the service sector is very low. This became the reason to promote entrepreneurial activities across the number of service sector firms or industries.