Entrepreneurs play an important role in economic development of India where mostly 70% of the people live in rural areas has great significance. Entrepreneurs are driven to achieve success in their business along with the qualities of a leader, continues learner, decision maker and most important is to implement all these qualities in to the work. It is the entrepreneur who starts this process of production by risk taking and inventive behavior. He plays a crucial role in rapid expansion of investment, employment, income and production. This paper focuses and provides an insight in to the meaning, qualities required for an entrepreneur. I made efforts to found that how entrepreneur can play a vital role in economic growth. In present scenario only entrepreneur is the keyman who creates new opportunities, new ideas, and new methods of production, new products and new designs. Thus we can say entreneurship can bring about change in the very structure of the economy. Entrepreneurship is the barometer of overall economic, social and industrial growth in society. He has the capacity to transform ’’The no growth economy “in to industrialized or high tech -society.

KEYWORDS: Entrepreneurship, Success of Entrepreneurs, Economic Development.