The Role of Government Policies in Promoting Sustainable Entrepreneurship Development

Sustainable entrepreneurship plays a crucial role
to the economic and ecological growth of India. Measuring the
effect of the government policies on sustainable
entrepreneurship this research analyses data collected from
MoSPI, NITI Aayog, and RBI for 29 states and union
territories. By way of the proposed Policy-Impact Evaluation
Framework (PIEF), policy effectiveness is measured in terms
of the rates of expansion of startups, sustainability adoption,
job creation and socio-environmental impact. The evaluation
indicates that state policy beneficiaries including green
technology subsidies, the Startup India scheme, important
integrated tax incentive post utilization yield forty percent
higher sustainable entrepreneurship rankings. Among the
three states, Karnataka, Maharashtra and Gujarat have the
best policy outputs signifying good policy implementation.
However, thanks to the slower growth rate, the problems
which require improvement of the PPPs and the growth of the
green financing are brightened. The study emphasizes the
relevance of policy improvement based on scientific evidence to
enhance and maintain sustainable entrepreneurship for
increased economic and environmental performance in India.