EDAs play a crucial role in fostering an entrepreneurial ecosystem that can drive economic growth. Here’s why:
Job Creation: By supporting startups and small businesses, EDAs help create new jobs, reducing unemployment rates and improving the standard of living. Innovation: Entrepreneurs are often the source of innovative solutions and technologies that can transform industries and boost productivity. Investment Attraction: A thriving entrepreneurial ecosystem can attract both domestic and foreign investments, further stimulating economic growth. Economic Diversification: Supporting a variety of businesses helps diversify the economy, making it more resilient to economic downturns.