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Impact of Globalization on Entrepreneurship Growth in India Under Industry 5.0

Impact of Globalization on Entrepreneurship Growth in India Under Industry 5.0
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Author(s): Suniti Chandiok (Banrasidas Chandiwala Institute of Professional Studies, India)and Amit Yadav (Banrasidas Chandiwala Institute of Professional Studies, India)
Copyright: 2025
Pages: 28
Source title: The Future of Small Business in Industry 5.0
Source Author(s)/Editor(s): Timilehin Olasoji Olubiyi (Babcock University, Nigeria), Susela Devi Suppiah (Sunway University, Malaysia)and Clainos Chidoko (Great Zimbabwe University, Zimbabwe)
DOI: 10.4018/979-8-3693-7362-0.ch008

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Abstract

Globalisation and Industry 5.0 advancements have significantly boosted India's startup ecosystem. This paper explores the impact of globalisation on entrepreneurship in India, emphasizing how the blend of human creativity and advanced technologies drives innovation and market growth. Indian startups now leverage global capital, international markets, and technologies like AI, robotics, and IoT to compete globally. Despite challenges like regulatory issues and the digital divide, globalisation fosters a culture of innovation, offering resources and networks for growth. This study proposes strategic policies to support sustainable entrepreneurial development, positioning India as a key player in the global Industry 5.0 landscape.

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