Exploring the Role of Grampreneurs in Rural Entrepreneurial Ecosystems: A Comprehensive Assessment

Abstract

Entrepreneurial ecosystem in Indian perspective have long remained a matter of extensive research yet got into limelight after the boost to startup philosophy in economic policy making. The paper explores the theoretical aspects and conceptual approaches to operationalization of the phenomenon of ‘entrepreneurial ecosystems’ in perspective of local and regional grampreneurs. For creation of entrepreneurial ecosystem, it requires the alliance of government, other entrepreneurs, lawyers, communities, investors, leaders, research agencies and similar parties to come together and evolve with the spirit of community development. The terms ‘grampreneurs’ is a combination of two distinct words-gram (village or rural) and entrepreneur. In literal terminology, this represents the entrepreneurs or venture establishment in rural, local, and regional perspective The research insisted on original and meta-analysis research papers on chronological order from evolution of concept.  Indian rural and social entrepreneurships unfold extensive potential in terms of contribution to GDP, value creation, contribution to foreign exchange and local job creation. A dynamic and robust entrepreneurial eco-system in a rural region is an asset for up-gradation; specifically, digital and innovation-led entrepreneurship ecosystem has significant potential to reduce the regional imbalance. The paper hence reflects on the studies that deepen our understanding of the phenomenon in its contextual aspects.