Book excerpt: ENTREPRENEURSHIP Today seems impending the entrepreneur’s era, as the government of India is developing the nation as a global manufacturing and investment destination, like Make in India national program designed to enhance skill development, and to facilitate investment and create an innovative thought. Currently, India is flourishing mutually the best broad talent which is shortly required. Knowledge and technical skills are absolutely much forced upon to require on the entrepreneurial challenges. Today India is witnessing the emergence of a rich number of entrepreneurs, anyhow there is certainly potential for more. Many New entrepreneurs are opened up for innovative enterprises. Entrepreneurs are driving a revolution that is transforming and renewing economies worldwide. Entrepreneurship is the essence of free enterprise because the birth of new businesses gives a market economy its vitality. New and emerging businesses create a very large proportion of innovative products that transform the way people work and live. The economic theory definition gives entrepreneurs a sense of purpose and accomplishment. The economics of entrepreneurship are important to the economic development, market competition and social welfare of a country. Wealth creation and distribution are fundamental to social progress. Entrepreneurship is a major mechanism for ensuring both wealth creation and distribution.