The Migrant Entrepreneurs in Chennai City – A Bird’s Eye View

Abstract

Entrepreneurs are frequently thought of as national assets to be cultivated, motivated and remunerated to the greatest possible extent. Entrepreneurs can change the way we live and work. If successful, their innovations may improve our standard of living. In short, in addition to creating wealth from their entrepreneurial ventures, they also create jobs and the conditions for a prosperous society. Path breaking offerings by entrepreneurs, in the form of new goods & services, result in new employment, which can produce a cascading effect or virtuous circle in the economy. The stimulation of related businesses or sectors that support the new venture adds to further economic development. In the past decade, much attention has been paid to the economic importance of ethnic (migrant) entrepreneurship. This type of self -employment appears to provide a vital and creative contribution to the urban economy. The rising size and importance of ethnic entrepreneurship has recently prompted much policy and research interest regarding migrant business in World. Migrant entrepreneurs do not only have a substantial impact on the urban economy, but they also act as role models for socioeconomic integration. They often operate in interesting market niches and provide a positive stimulus for creative business-making in modern cities. The present article offers first an overview of the literature on the migrant entrepreneurs in Chennai city- a bird’s eye view. And study based on both Primary and Secondary sources.