STUDY ON THE CONTRIBUTION OF LOCAL MARKETS TO ENTREPRENEURIAL GROWTH AND EMPLOYMENT IN INDIA
DOI:
https://doie.org/10.5281/bxeyx417Keywords:
Local markets, entrepreneurship, employment opportunities, inclusive growth, economic development.,,Abstract
This research delves into the intrinsic function of indigenous markets in propelling
entrepreneurial expansion and job prospects within India's multifaceted economic terrain.
Local marketplaces function as vibrant platforms that foster ingenuity, cultivate enterprising
spirit, and generate job opportunities, specifically for individuals with restricted academic
background or proficiencies. By means of direct customer engagements, minimal access
restrictions, and a nurturing community, Local markets enable ambitious individuals to
commence enterprises and contribute to the advancement of the economy. Furthermore, these
marketplaces serve as a conduit for addressing the disparities between rural and urban areas,
promoting comprehensive development and upholding the sustenance of livelihoods for
marginalised populations. The research emphasises the multifaceted influence of Local
markets on economic robustness, cultural conservation, and societal integration. Through the
examination of their importance, the research illuminates the process of enhancing Local
market ecosystems to additionally foster sustainable enterprise and employment generation in
India.
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