Informal Entrepreneurship and the Underdeveloped Economy-A Case Study of Odisha

Abstract

This paper investigates the differences between entrepreneurial activities in the formal sector and the informal sector  particularly in an underdeveloped economy of the State of Odisha. It is further attempted to examine whether in an underdeveloped region entrepreneurship is seen as an economic pursuits resulting from necessity or opportunity created by the State. It is also intended to through light on the presence of a dominating size of population belonging to the Underprivileged Class and their entrepreneurial behavior in the region. In other words, the propensity for Entrepreneurial options among different social groups has also been analyzed.