“Entrepreneurship is the engine fuelling innovation, employment generation and economic growth. Only by creating an environment where entrepreneurship can prosper and where entrepreneurs can try new ideas and empower others can we ensure that many of the world’s issues will not go unaddressed”- Klaus Schwab, Executive Chairman World Economic Forum.
While highlighting the importance of entrepreneurial advances, Schwab not only raised the importance of innovation but also indicated the need to get employed. Employment is an outcome of productive advancements and value additions, which are closely related with investment quantum which in turn is positively correlated with credit availability.
This story is from the July 16-31, 2019 edition of BUSINESS ECONOMICS.
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This story is from the July 16-31, 2019 edition of BUSINESS ECONOMICS.
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