Cluster Approach for Entrepreneurship Development in India

Abstract

Clusters are increasingly recognised as an important feature of modern economies. Their presence has become more pronounced in the global economy—not less, as was sometimes assumed. Complementary concepts such as the global value chain point out that strong clusters benefit from strong external linkages and are well positioned to take advantage of them. Although there is still less evidence on the role and impact of cluster approach for entrepreneurship development, the experience and the conceptual framework suggest otherwise. Clusters can enhance the rate of entrepreneurship development and there are different ways to raise economic benefits for entrepreneurs from existing clusters. More complex is the question of how economies can develop new clusters and aid entrepreneurship development. With acase based approach, so this paper discusses and deliberates on the cluster approach adopted for entrepreneurship development in India.