Economists and policy makers in their search for solutions to economic development have narrowed down on the inner drives and entrepreneurial spirit of the people. Whatever might be the supply and potential of resources, nothing happens until all those resources are judiciously put into use by an entrepreneur. Thus, it is appropriate to describe an entrepreneur as a change agent and catalyst. Entrepreneurs are known for their vision, drive and talent, who are adept in identifying opportunities and exploiting them for the good of the society. Entrepreneurs endow economic value to the resources. To quote Peter Drucker (2009) “every mineral is another rock and every plant is another weed, till someone finds a use�. They add to the material well being of nations through their relentless endeavours. To quote George Gilder, “All of us are dependent for our livelihood and progress on the creativity and courage of the particular men/ women who accept the risks which generate our riches�.