Abstract
Entrepreneurship plays an influential role in the economic growth and standard of living of the country. The role of entrepreneurship in economic development varies from economy to economy depending upon its material resources, industrial climate and the responsiveness of the political system to the entrepreneurial function. The objective of this paper is to examine the mutual dependence and dual causality of the concepts of regional development and entrepreneurial activity .It also examines the development of backward regions in India due to entrepreneurial activities. And also suggest measures for the upliftment of small entrepreneurs in rural areas. .Results of testing the impact of level and growth of entrepreneurial activity on economic growth are however consistent and robust to different indicators reflecting economic growth. Showing that there exists a significant positive impact of entrepreneurial activity on economic growth. The methodology used is both primary and secondary. Data, information and facts projected in the mass media – books, journal, national newspaper, national seminars as well as in the apex forums of India have been used to analyze the role of entrepreneurship and regional development. Keywords: Regional development, Entrepreneurship, Balanced growth
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