Consider the following statements Entrepreneurial intensity is the number of new firms register...........

Economic and Social Issues Growth and development

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Consider the following statements;

Entrepreneurial intensity is the number of new firms registered per year per 1000 workers
India has the 3rd largest entrepreneurship ecosystem in the world ahead of the countries such as Brazil and South Korea.
As per economic survey 2019-20, a 10% increase in registration of new firms per district-year, GDDP increases by 1.8%

Which of the above are correct w.r.t. entrepreneurial developments in India?

1 and 2

1 and 3

2 and 3

All are correct.

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Explanation:

Entrepreneurship and GDP

•Entrepreneurial activity has a significant positive impact on Gross Domestic District Product (GDDP)

•10% increase in registration of new firms per district-year, GDDP increases by 1.8%

•Impact is greatest in the Manufacturing and Services sectors.

•Entrepreneurial Activity are productive and growth-focused.

•4 regions except certain eastern states in India demonstrate strong growth in entrepreneurial activity over time all regions demonstrate a strong relationship between entrepreneurship and GDDP

•India has the 3rd largest entrepreneurship ecosystem in the world ahead of the countries such as Brazil and South Korea.

Entrepreneurial intensity •i.e. number of new firms registered per year per 1000 workers

•in formal economy, it is low in India compared to other developed economies as large number of India’s enterprises operate in the informal economy