Looking ahead, it is the area of entrepreneurial innovation, specially in the knowledge industry that has the potential to pitch India into an economic leadership role, which then can make a difference to our development trajectory. Entrepreneurship and finance 18. What then is the role of finance?
While the entrepreneur brings in ideas, techniques, innovations and passion which go to constitute entrepreneurial capital, it needs to be backed by command over a real resource. This is provided by finance. Finance, thus, enables entrepreneurship to become the fourth factor of production. 19. India has, in many ways, pioneered the concept of dovetailing credit into the country’s development endeavours.