Entrepreneurship is on rise, more entrepreneurs start new ventures and account entrepreneurship as a career option. Entrepreneurship is a multimedia phenomenon. Entrepreneurship has gained more importance at global level under changing economic situation. Worldwide economy in widespread and Indian economic system specifically is poised for expanded growth pushed with the aid of entrepreneurship. Admits environment of terrific mall way of life we discover lots of scope for entrepreneurship in trading and production. Entrepreneurship acts as a catalyst for the monetary prosperity of a nation as it ends in era of employment, contribution in countrywide earnings, rural improvement, industrialization, technological development, export promoting and many others. True entrepreneurs are resourceful, passionate and driven to succeed and improve. They’re pioneers and are comfortable fighting on the frontline. The great ones are ready to be laughed at and criticized in the beginning because they can see their path ahead The aim of the article is to elucidate the role of entrepreneurship; with this the secondary objective of this research paper is to find out challenges and opportunities globally which to create an entrepreneurial awareness in young generation. It also discussed about eminent entrepreneurs from Indian history to present Era. This is based upon secondary data which is collected from internet, journals, books, newspapers, etc.

Keywords: Challenges; Entrepreneurs; Entrepreneurship and Opportunities.