Such a policy shift was rooted not only in equality of opportunity which is enshrined in the Indian constitution and the need to provide employment, but, most importantly, it was rooted in the belief that it is talent and not necessarily capital that can make the difference; in  BIS central bankers’ speeches  1  the belief that resourcefulness and not merely resources matter.
The key to India’s development, thus, lay in unleashing the latent entrepreneurial potential of the country – the critical aim was to free those with talent and ideas from capital constraints. We had various problems but we were unleashed in the 1990s after a wait of 30 years. 6. Entrepreneurship and finance alone are not sufficient. Conducive Conditions are needed for entrepreneurship to thrive.